Question
Harold Joseph is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firm's financial records showed the following assets,
Harold Joseph 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$59,500
Accounts Receivable15,100
Office Furniture34,300
Auto22,000
Accounts Payable9,700
Harold Joseph, Capital90,000
Revenue54,100
Expenses22,900
TRANSACTIONS
- Performed services for $6,730 on credit.
- Paid $1,750 in cash for new office chairs.
- Received $11,700 in cash from credit clients.
- Paid $930 in cash for telephone service.
- Sent a check for $5,500 in partial payment of the amount due creditors.
- Paid salaries of $8,200 in cash.
- Sent a check for $1,170 to pay electric bill.
- Performed services for $11,000 in cash.
- Paid $2,400 in cash for auto repairs.
- Performed services for $13,000 on account.
What is the amount of total assets after all transactions have been recorded?
Enter the above transactions in to the following accounting equations.Enter decreases to account balances with a minus sign
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