The Following Transactions Occurred During January for Cindy's Designer Service $$\begin{array}{l}\text {Cash 111 }\\\begin{array} { l | l r } \hline & \\&\end{array}\end{array}$$

question 91

Essay

The following transactions occurred during January for Cindy's Designer Service:
a. Cindy invested $5,000 in the design service from her personal savings account.
b. Bought office equipment for cash, $1,000.
c. Performed designer service for a customer on account, $800.
d. Telephone expense due but unpaid, $80.
e. Collected $100 from customer in transaction c.
f. Cindy withdrew $70 for personal use.
Required:
1. Record the above transactions in the following T accounts.
(Place the letter of the transaction next to the entry.)
2. Foot the T accounts where appropriate. $$\begin{array}{l}\text {Cash 111 }\\\begin{array} { l | l r } \hline & \\&\end{array}\end{array}$$ $$\begin{array}{l}\text {Accts. Rec. 112 }\\\begin{array} { l | l r } \hline & \\\end{array}\end{array}$$ $$\begin{array}{l}\text {Off. Equip. 121 }\\\begin{array} { l | l r } \hline & \\\end{array}\end{array}$$ $$\begin{array}{l}\text {Accts. Pay. 211 }\\\begin{array} { l | l r } \hline & \\\end{array}\end{array}$$ $$\begin{array}{l}\text {Cindy, Cap. 311\ }\\\begin{array} { l | l r } \hline & \\\end{array}\end{array}$$ $$\begin{array}{l}\text {Cindy, With. 312\ }\\\begin{array} { l | l r } \hline & \\\end{array}\end{array}$$ $$\begin{array}{l}\text {Design Fees 411\ }\\\begin{array} { l | l r } \hline & \\\end{array}\end{array}$$ $$\begin{array}{l}\text {Telephone Exp. 512\ }\\\begin{array} { l | l r } \hline & \\\end{array}\end{array}$$

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Definitions:

Parental Investment Theory

A theory suggesting that the extent to which parents invest in their offspring is influenced by the cost and benefits to their own survival and reproductive success.

Potential Mate

An individual who might be considered as a partner in a romantic or sexual relationship based on certain desirable attributes or compatibility factors.

Social Status

The position or rank of a person within the social hierarchy, influenced by factors such as wealth, occupation, education, and family background.

Parental Investment Theory

A theory in evolutionary biology that suggests differences in mating behaviors and parental investment are a result of evolutionary pressures.