ACC290-The accountant for the firm owned by Randy

The accountant for the firm owned by Randy Guttery prepares financial statements at the end of each month. The following transactions for Randy Guttery, Landscape Consultant took place during the month ended June 30, 2019. The following transactions are for Randy Guttery, Landscape Consultant.

Transactions:

a. Guttery invested $156,000 in cash to start the business.

b. Paid $5,600 for the current month's rent.

c. Bought office furniture for $16,320 in cash.

d. Performed services for $7,800 in cash.

e. Paid $1,210 for the monthly telephone bill.

f. Performed services for $13,600 on credit.

g. Purchased a computer and copier for $37,200; paid $12,600 in cash immediately with the balance due in 30 days.

h. Received $6,800 from credit clients.

i. Paid $3,600 in cash for office cleaning services for the month.

j. Purchased additional office chairs for $5,400; received credit terms of 30 days.

k. Purchased office equipment for $36,000 and paid half of this amount in cash immediately; the balance is due in 30 days.

l. Issued a check for $9,000 to pay salaries.

m. Performed services for $14,100 in cash.

n. Performed services for $15,600 on credit.

o. Collected $7,600 on accounts receivable from charge customers.

p. Issued a check for $2,700 in partial payment of the amount owed for office chairs.

q. Paid $660 to a duplicating company for photocopy work performed during the month.

r. Paid $1,180 for the monthly electric bill.

s. Guttery withdrew $8,600 in cash for personal expenses.

The above transactions need to be made into T accounts (Cash, Accounts Receivable, Office Equipment, Office Furniture, Accounts Payable, Randy Guttery-Capital, Randy Guttery-Drawing, Fees Income, Rent Expense, Utilities Expense, Salaries Expense, Telephone Expense, Miscellaneous Expense).

What liabilities does the business have after all transactions have been recorded? (What is the amount in liabilities). T accounts normally do not have any minus signs but use minus signed for this, so I can understand it.