Harold Joseph 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 $ 60,100 Accounts Receivable 15,700 Office Furniture 34,900 Auto 22,600 Accounts Payable 10,300 Harold Joseph, Capital 90,600 Revenue 55,900 Expenses 23,500 TRANSACTIONS Performed services for $6,590 on credit Paid $1,610 in cash for new office chairs Received $10,300 in cash from credit clients Paid $790 in cash for telephone service Sent a check for $2,700 in partial payment of the amount due creditors Paid salaries of $8,800 in cash Sent a check for $1,030 to pay electric bill Performed services for $9,600 in cash Paid $2,260 in cash for auto repairs Performed services for $11,600 on account Enter the above transactions in to the following accounting equations Analyze What is the amount of total assets after all transactions have been recorded

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Posted on Sep 30, 2024

Harold Joseph is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firms financial records showed the following assets,

Harold Joseph 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	$	60,100
Accounts Receivable		15,700
Office Furniture		34,900
Auto		22,600
Accounts Payable		10,300
Harold Joseph, Capital		90,600
Revenue		55,900
Expenses		23,500

TRANSACTIONS

Performed services for $6,590 on credit.
Paid $1,610 in cash for new office chairs.
Received $10,300 in cash from credit clients.
Paid $790 in cash for telephone service.
Sent a check for $2,700 in partial payment of the amount due creditors.
Paid salaries of $8,800 in cash.
Sent a check for $1,030 to pay electric bill.
Performed services for $9,600 in cash.
Paid $2,260 in cash for auto repairs.
Performed services for $11,600 on account.

Enter the above transactions in to the following accounting equations. Analyze: What is the amount of total assets after all transactions have been recorded?