On July 1, Tommy Wrigley established Wrigley Home Appraisal Services, a firm that provides expert residential appraisals and represents clients in-home appraisal hearings. TRANSACTIONS

1. The owner invested $91,000 in cash to begin the business.
2. Paid $18,550 in cash for the purchase of equipment.
3. Purchased additional equipment for $14,800 on credit.
4. Paid $10,600 in cash to creditors.
5. The owner made an additional investment of $24,000 in cash.
6. Performed services for $7,000 in cash.
7. Performed services for $6,700 on the account.
8. Paid $2,800 for rent expense.
9. Received $2,300 in cash from credit clients.
10. Paid $5,260 in cash for office supplies.
11. The owner withdrew $7,800 in cash for personal expenses

Record in equation forms the changes that occur in assets, liabilities, and owners equity for the above transactions. Analyze: What is the ending balance of cash after all transactions have been recorded?

Assets							=	Liabilities	+	Owner's Equity
Transactions	Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Owner's Capital
1.		+		+		+		=		+
2.		+		+		+		=		+
3.		+		+		+		=		+
4.		+		+		+		=		+
5.		+		+		+		=		+
6.		+		+		+		=		+
7.		+		+		+		=		+
8.		+		+		+		=		+
9.		+		+		+		=		+
10.		+		+		+		=		+
11.		+		+		+		=		+
Totals	$0	+	$0	+	$0	+	$0	=	$0	+	$0