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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 $67,500 (Transaction 1).
Assets | = | Liab. | + | Owner's Equity | ||||||||||||
Transaction | Cash | Accts. Rec. | Supp. | Equip. | Accts. Pay. | G. Sawyer, Capital | Rev. | Exp. | ||||||||
1 | +67,500 | +67,500 | ||||||||||||||
2 | 7,300 | +7,300 | ||||||||||||||
3 | +4,300 | +4,300 | ||||||||||||||
4 | +2,780 | +2,780 | ||||||||||||||
5 | 3,050 | 3,050 | ||||||||||||||
6 | + 580 | 580 | ||||||||||||||
7 | 1,500 | 1,500 | ||||||||||||||
8 | 360 | +360 | ||||||||||||||
Bal | 55,870 | + | 3,720 | + | 360 | + | 10,080 | = | 2,780 | + | 66,000 | + | 4,300 | 3,050 | ||
Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019.
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