hi! sorry i just asked this and I sent in the wrong image. Looking for formual and how you derived the number. thanks!

Did Angela Me 1 X y! BLM on nuclear fal x *Course Hero X Athabasca Univers X Course: ACCT 253 X Ly Introduction to Fin x Ly Lab 2.2 (Question X Ly Lab 2.2 (Question X C lifa1.lyryx.com/student-servlets/LabServlet?ccid=7845 + Apps Home Rachel Wiley - "T... Other Bookmarks yryx Spreadsheet Print Preferences Help Lab 2.2 (Question 1) Name: Fiona Murton Cabrera Date: 2020-10-31 Question 1 [40 points] Zcom Inc. began operations on May 1, 2014, and showed the following account balances at May 31. Cash: $37,000; Accounts Receivable: $1,900; Supplies: $2,700; Prepaid Rent: $3,700; Accounts Payable: $9,800; Unearned Revenue: $1,400; Share Capital: $32, 100; Rent Earned: $5,600; Utilities Expense: $3,600. The following transactions occurred during June. a. June 1 : Stan Frey (a shareholder), received share capital in Zcom Inc., after investing $50,000 cash into the business. b. June 4 : One of Zcom Inc.'s clients rented equipment today for $1, 100 on credit. c. June 6 : Zcom Inc. will pay this month's utilities bill of $150 received today, within 30 days. d. June 9 : Zcom Inc. paid $300 for supplies purchased today. e. June 10 : Collected $500 regarding a credit customer's account. f. June 12 : Furniture was rented by a customer for $700 cash. g. June 15 : Zcom Inc. bought supplies on credit for $ 100. . June 18 : Zcom Inc. paid $100 towards the bill from transaction (9). i. June 19 : Zcom Inc. returned $100 of defective supplies today that were originally purchased for cash. j. June 21 : Zcom Inc. bought $800 of supplies paying $200 cash and $600 on account. Enter each account balance as of May 31 in the appropriate T-account, and then record the transactions by entering the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell of the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the appropriate side. 1/Jun 50,000 Cash Accounts Receivable Supplies Prepaid Rent Accounts Payable Unearned Revenue Share Capital Rent Earned Utilities Expense