The accountant of the Burt Company makes use of expense and revenue accounts. All sales are for cash.
a. Stockholders invest $100,000 on January 1, 20xx.
b. Rent of $4,800 is paid. This is rent for a 12-month period beginning
c. Merchandise that cost $25,000 is purchased on account.
d. Supplies are purchased for $6,000 cash on February 1.
e. The Burt Company starts operations on February 1. Sales for the first week are $5,000.
Record the foregoing transactions using T-accounts.