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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, liabilities, and owner's equity. $60,100 15,700 34,900 22,600 Cash Accounts receivable Office furniture Auto Accounts payable Carter Wilson, Capital Revenue Expenses 10,300 90,600 55,900 23,500 TRANSACTIONS 1. Performed services for $6,590 on credit. 2. Paid $1,610 in cash for new office chairs. 3. Received $10,300 in cash from credit clients. 4. Paid $790 in cash for telephone service. 5. Sent a check for $2,700 in partial payment of the amount due creditors. 6. Paid salaries of $8,800 in cash. 7. Sent a check for $1,030 to pay electric bill. 8. Performed services for $9,600 in cash. 9. Paid $2,260 in cash for auto repairs. 10. Performed services for $11,600 on account. Enter the above transactions into the following accounting equations. Analyze What is the amount of total assets after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Accounting Equation Analyze Enter the above transactions into the following accounting equations. (Enter decreases to account balances with a minus sign.) + Owner's Equity Assets Accounts Receivable Liabilities Accounts Payable Cash Office Furniture Auto C. Wilson Capital Revenue Expenses Beginning balances + Complete this question by entering your answers in the tabs below. Accounting Equation Analyze Enter the above transactions into the following accounting equations. (Enter decreases to account balances with a minus sign.) Owner's Equity Assets Accounts + Receivable Liabilities Accounts Payable Office Furniture Cash + Auto + C. Wilson Capital Revenue Expenses + + + = + Beginning balances 1. New balances + + + + T + + + = + + + 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 + + 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, liabilities, and owner's equity. Cash Accounts receivable Office furniture Auto Accounts payable Carter Wilson, Capital Revenue Expenses $60,100 15,700 34,900 22,600 10,300 90,600 55,900 23,500 TRANSACTIONS 1. Performed services for $6,590 on credit. 2. Paid $1,610 in cash for new office chairs. 3. Received $10,300 in cash from credit clients. 4. Paid $790 in cash for telephone service. 5. Sent a check for $2,700 in partial payment of the amount due creditors. 6. Paid salaries of $8,800 in cash. 7. Sent a check for $1,030 to pay electric bill. 8. Performed services for $9,600 in cash. 9. Paid $2,260 in cash for auto repairs. 10. Performed services for $11,600 on account. Enter the above transactions into the following accounting equations. Analyze: What is the amount of total assets after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Accounting Equation Analyze What is the amount of total assets after all transactions have been recorded? Total assets
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