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Maurice Dickey is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firms financial records showed the following assets,
Maurice Dickey 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 | $ | 60,600 | Accounts Payable | $ | 10,800 | |||||||||||||||||||||||
Accounts Receivable | 16,200 | Maurice Dickey, Capital | 91,100 | |||||||||||||||||||||||||
Office Furniture | 35,400 | Revenue | 57,400 | |||||||||||||||||||||||||
Auto | 23,100 | Expenses | 24,000 | |||||||||||||||||||||||||
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Enter the above transactions in to the following accounting equations. (Enter decreases to account balances with a minus sign.) |
Analyze: |
What is the amount of total assets after all transactions have been recorded? |
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