Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 $68,000 (Transaction 1).
Assets | = | Liab. | + | Owner's Equity | ||||||||||||
Transaction | Cash | Accts. Rec. | Supp. | Equip. | Accts. Pay. | G. Sawyer, Capital | Rev. | Exp. | ||||||||
1 | +68,000 | +68,000 | ||||||||||||||
2 | 7,400 | +7,400 | ||||||||||||||
3 | +4,400 | +4,400 | ||||||||||||||
4 | +2,880 | +2,880 | ||||||||||||||
5 | 3,100 | 3,100 | ||||||||||||||
6 | + 590 | 590 | ||||||||||||||
7 | 1,600 | 1,600 | ||||||||||||||
8 | 370 | +370 | ||||||||||||||
Bal | 56,120 | + | 3,810 | + | 370 | + | 10,280 | = | 2,880 | + | 66,400 | + | 4,400 | 3,100 | ||
Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019.
SAWYER ARCHITECTURE SERVICES | ||
Statement of Owner's Equity | ||
Month Ended June 30, 2019 | ||
| ||
| ||
| ||
| 0 | |
| $0 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started