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Carter Wilson is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firm's financial records showed the following assets,
Carter Wilson is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firm's financial records showed the following assets, llabilities, and owner's equity Cash Accounts receivable Office furniture Auto Accounts payable Carter Wilson, Capital Revenue Expenses $59,200 14,800 34,000 21,700 9,400 89,700 53,200 22,600 TRANSACTIONS 1. Performed services for $6,760 on credit. 2. Pald $1,780 In cash for new office chairs. 3. Received $12,000 in cash from credit clients. 4. Pald $960 in cash for telephone service, 5. Sent a check for $6,100 In partial payment of the amount due creditors. 6. Pald salaries of $7,900 in cash 7. Sent a check for $1,200 to pay electric bill 8. Performed services for $11,300 in cash. 9. Pald $2.430 in cash for auto repairs. O. Performed services for $13,300 on account Enter the above transactions into the following accounting equations. Analyze: What is the amount of total assets after al transactions have been recorded? Complete this question by entering your answers in the tabs below. + + = + + + + + + + + + Account... Analyze Equation Enter the above transactions into the following accounting equations. (Enter decreases to account balances with a minus sign.) Assets = Liabilities Owner's Equity Cash Accounts Office Auto Accounts C. Wilson Receivable Furniture Payable Capital Revenue Expenses Beginning balances 1. + New balances 2. + New balances 3. New balances 4. New balances 5. New balances 6. New balances 7. New balances 8. New balances 9. New balances 10. New balances + + + + + + + + + + + + + + + + + + Accounting Equation Analyze >
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