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The following amounts summarize the financial position of H&R Young Corp. on May 31. ASSETS = LIABILITIES + OWNER'S EQUITY Cash A/R Supplies A/P Capital
The following amounts summarize the financial position of H&R Young Corp. on May 31. ASSETS = LIABILITIES + OWNER'S EQUITY Cash A/R Supplies A/P Capital 3096 5832 43380 9720 42588 a) Performed services and billed the client for the services rendered; $4000 b) Withdrew $1900 for personal use c) Received $2000 of A/R issued in transaction (a) d) Purchased equipment $1300 and paid $300 in cash and the remaining on account e) Paid $1450 of electricity bill
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