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Allan Parsons, CPA, began an accounting practice and completed these transaction
Allan Parsons, CPA, began an accounting practice and completed these transactions during September 2023:
1. Sept 3 Invested $36,000 of his personal savings into a bank account opened in the name of the accounting practice.
2. Sept 4 Rented office space and paid cash for two months in advance, $1,850.
3. Sept 5 Purchased office equipment for $2,900, paying $900 cash and agreeing to pay the balance in one year.
4. Sept 6 Purchased office supplies for cash, $180.
5. Sept 8 Completed accounting work for a client and immediately collected $1,600 in cash for the work done.
6. Sept 14 Completed accounting services for a client on credit, $3,800.
7. Sept 18 Received $1,900 from the above client for the work completed on September 14.
8. Sept 28 Paid telephone bill of $120.
9. Sept 29 Paid the office secretary′s salary, $800.
10. Sept 30 Received hydro bill of $250.
Record the transactions in a Tabular Format.
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