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PA7. LO 2.2 Using the information in Excercise 2.6, determine the amount of revenue and expenses for Olivia's Apple Orchard for the month of September
PA7. LO 2.2 Using the information in Excercise 2.6, determine the amount of revenue and expenses for Olivia's Apple Orchard for the month of September
Owner's Equity Amount Asset --- $0 Transaction Amount owed for land purchase Apple sales: cash Apple sales: credit Collections of credit sales Cash purchase of equipment Owner investments Wages expenses paid Fuel expenses paid Amount owed for utility expense Current totals $50,000 3,000 6,000 4,000 10,000 25,000 6,000 400 1,000 $50,000 ? ? 2 2 Liability $50,000 ? ? ? ? ? ? ? ? $50,000 ? ? ? ? ? 2 $50,000 2 ? $0
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