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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 $73,500 (Transaction 1).
Assets | = | Liab. | + | Owner's Equity | ||||||||||||
Transaction | Cash | Accts. Rec. | Supp. | Equip. | Accts. Pay. | G. Sawyer, Capital | Rev. | Exp. | ||||||||
1 | +73,500 | +73,500 | ||||||||||||||
2 | 8,500 | +8,500 | ||||||||||||||
3 | +5,500 | +5,500 | ||||||||||||||
4 | +3,980 | +3,980 | ||||||||||||||
5 | 3,650 | 3,650 | ||||||||||||||
6 | + 700 | 700 | ||||||||||||||
7 | 2,700 | 2,700 | ||||||||||||||
8 | 480 | +480 | ||||||||||||||
Bal | 58,870 | + | 4,800 | + | 480 | + | 12,480 | = | 3,980 | + | 70,800 | + | 5,500 | 3,650 | ||
Prepare the balance sheet for Sawyer Architecture Services as of June 30, 2019.
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