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Problem 2 . 2 A ( Algo ) Analyzing the effects of transactions on the accounting equation. LO 2 - 1 , 2 - 2

Problem 2.2A (Algo) Analyzing the effects of transactions on the accounting equation. LO 2-1,2-2,2-3
Carter Wilson 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 $ 59,700
Accounts receivable 15,300
Office furniture 34,500
Auto 22,200
Accounts payable 9,900
Carter Wilson, Capital 90,200
Revenue 54,700
Expenses 23,100
TRANSACTIONS
Performed services for $6,710 on credit.
Paid $1,730 in cash for new office chairs.
Received $11,500 in cash from credit clients.
Paid $910 in cash for telephone service.
Sent a check for $5,100 in partial payment of the amount due creditors.
Paid salaries of $8,400 in cash.
Sent a check for $1,150 to pay electric bill.
Performed services for $10,800 in cash.
Paid $2,380 in cash for auto repairs.
Performed services for $12,800 on account.
Enter the above transactions into the following accounting equations.
Analyze:
What is the amount of total assets after all transactions have been recorded?

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