Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Assignment (5Qs) Saved Help Save & Exit Submit Accounts Assute Lisbilities Exquity Larry Cash Receivable Office Supplies Office Equip Electrical Equips Accosts Payable Power,

1 Assignment (5Qs) Saved Help Save & Exit Submit Accounts Assute Lisbilities Exquity Larry Cash Receivable Office Supplies Office Equip Electrical Equips Accosts Payable Power, Explanation of Capital Equity Tannaction Bal Oct. 31+ $ 33,000+ $ 7,300+ $ 2,200+ $ 31,000+ $ 15,500 + $ 21,000+ $68,000 Nov. 1 7,500 7.500 Rent Expense 3 11,500 21,000 9,500 No Affect on Equity 3- 9.500 No Affect on Equity 5 2,100 64 2,300 8 2,100 5,500 No Mlect on Equity 15 6,300 16 18 1,300 5,500 6,300 Electrical fees earned No Affect on Equity 1,300 5.500 2,300 Electrical fees earned No Affect on Equity 20- 5,500 24 4,950 28+ 6,300 6,300 30- 4,700 30 3.900 No Affect on Equity No Affect on Equity 4.950 Electrical fees earned Electrical fees earned. 4,700 Salaries Expense 3.900 Utilities Expense- 1.700 Withdrawal by owner 30 1,700 $ 4,800 S 12.250 $ 5.600 $ 36,500 $ 36,500 = $ 31,800 $63.750

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Describe mental toughness and its relationship to performance.

Answered: 1 week ago