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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
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 $70,000 (Transaction 1).
Assets | = | Liab. | + | Owner's Equity | ||||||||||||
Transaction | Cash | Accts. Rec. | Supp. | Equip. | Accts. Pay. | G. Sawyer, Capital | Rev. | Exp. | ||||||||
1 | +70,000 | +70,000 | ||||||||||||||
2 | 7,800 | +7,800 | ||||||||||||||
3 | +4,800 | +4,800 | ||||||||||||||
4 | +3,280 | +3,280 | ||||||||||||||
5 | 3,300 | 3,300 | ||||||||||||||
6 | + 630 | 630 | ||||||||||||||
7 | 2,000 | 2,000 | ||||||||||||||
8 | 410 | +410 | ||||||||||||||
Bal | 57,120 | + | 4,170 | + | 410 | + | 11,080 | = | 3,280 | + | 68,000 | + | 4,800 | 3,300 | ||
Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019.
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