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Need help with this balance sheet asap. Thank you, will upvote. Required information The table below shows the transactions for Sawyer Architecture Services during June.
Need help with this balance sheet asap. Thank you, will upvote.
Required information The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $73,000 (Transaction 1). Assets Accts. Rec. Supp. = Liab. + Accts. Equip. Pay. Owner's Equity G. Sawyer, Capital Rev. +73,000 Trans Exp. +73,000 - 8,400 +8,400 +5,400 +5,400 OHNMONO +3,880 +3,880 -3,600 -3,600 + 690 -690 -2,600 -470 58,620 + 4,710+ -2,600 +470 Bal 470+ 12,280 = 3,880 + 70,400 + 5,400 - 3,600 Prepare the balance sheet for Sawyer Architecture Services as of June 30, 2019. Assets SAWYER ARCHITECTURE SERVICES Balance Sheet June 30, 2019 Liabilities $ 58,620 Accounts payable 4,710 470 Owner's Equity 12,280 Greg Sawyer, Capital Cash $ 3,880 Accounts receivable Supplies Equipment 70,400 Total Assets $ 76,080 Total Liabilities and Owner's Equity $ 74,280Step by Step Solution
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