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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 $75,500 (Transaction 1).
Assets | = | Liab. | + | Owner's Equity | ||||||||||||
Transaction | Cash | Accts. Rec. | Supp. | Equip. | Accts. Pay. | G. Sawyer, Capital | Rev. | Exp. | ||||||||
1 | +75,500 | +75,500 | ||||||||||||||
2 | 8,900 | +8,900 | ||||||||||||||
3 | +5,900 | +5,900 | ||||||||||||||
4 | +4,380 | +4,380 | ||||||||||||||
5 | 3,850 | 3,850 | ||||||||||||||
6 | + 740 | 740 | ||||||||||||||
7 | 3,100 | 3,100 | ||||||||||||||
8 | 520 | +520 | ||||||||||||||
Bal | 59,870 | + | 5,160 | + | 520 | + | 13,280 | = | 4,380 | + | 72,400 | + | 5,900 | 3,850 | ||
Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019.
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