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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
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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 $75,000 (Transaction 1).
Assets | = | Liab. | + | Owner's Equity | ||||||||||||
Transaction | Cash | Accts. Rec. | Supp. | Equip. | Accts. Pay. | G. Sawyer, Capital | Rev. | Exp. | ||||||||
1 | +75,000 | +75,000 | ||||||||||||||
2 | 8,800 | +8,800 | ||||||||||||||
3 | +5,800 | +5,800 | ||||||||||||||
4 | +4,280 | +4,280 | ||||||||||||||
5 | 3,800 | 3,800 | ||||||||||||||
6 | + 730 | 730 | ||||||||||||||
7 | 3,000 | 3,000 | ||||||||||||||
8 | 510 | +510 | ||||||||||||||
Bal | 59,620 | + | 5,070 | + | 510 | + | 13,080 | = | 4,280 | + | 72,000 | + | 5,800 | 3,800 | ||
Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019.
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