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Instructions X Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services offers financial planning advice to its clients. The e
Instructions X Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services offers financial planning advice to its clients. The e each transaction and the balances after each transaction for July follow: Assets Accounts =Liabilities Accounts Common + Stockholders' Equity Fees Salaries Rent Auto Suppli Cash +Receivable + Supplies = Payable + Stock - Dividends + Earned - Expense - Expense - Expense - Exper a. +58,000 +58,000 b. +6,500 +6,500 Bal. 58,000 6,500 6,500 58,000 C. -3,700 -3,700 Bal. 54,300 6,500 2,800 58,000 d. +109,000 +109,000 Bal. 163,300 6,500 2,800 58,000 109,000 e. -35,000 -35,000 Bal. 128,300 6,500 2,800 58,000 109,000 -35,000 f. -21,100 -14,000
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