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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
Carter Wilson is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firms financial records showed the following assets, liabilities, and owners equity. Cash $ Accounts receivable Office furniture Auto Accounts payable Carter Wilson, Capital Revenue Expenses TRANSACTIONS Performed services for $ on credit. Paid $ in cash for new office chairs. Received $ in cash from credit clients. Paid $ in cash for telephone service. Sent a check for $ in partial payment of the amount due creditors. Paid salaries of $ in cash. Sent a check for $ to pay electric bill. Performed services for $ in cash. Paid $ in cash for auto repairs. Performed services for $ 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
Carter Wilson is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firms financial records showed the following assets, liabilities, and owners equity.
Cash $
Accounts receivable
Office furniture
Auto
Accounts payable
Carter Wilson, Capital
Revenue
Expenses
TRANSACTIONS
Performed services for $ on credit.
Paid $ in cash for new office chairs.
Received $ in cash from credit clients.
Paid $ in cash for telephone service.
Sent a check for $ in partial payment of the amount due creditors.
Paid salaries of $ in cash.
Sent a check for $ to pay electric bill.
Performed services for $ in cash.
Paid $ in cash for auto repairs.
Performed services for $ 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
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