Question
Hamza Bey Corporation started operations this month and had the following transactions: Owners invested $30,000 to start the company Purchased $2,200 of supplies Bought $3,000
Hamza Bey Corporation started operations this month and had the following transactions:
- Owners invested $30,000 to start the company
- Purchased $2,200 of supplies
- Bought $3,000 of equipment on account
- Received $6,800 for services rendered
- Paid wages of $4,400
- Paid dividends of $100
If the company had $1300 of supplies at the end of the month, what were the company's total assets at the end of the month?
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Auditing And Other Assurance Services
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
10th Canadian Edition
0131296159, 978-0131296152
