This is PR 01-03 ALGO IT IS A LONG QUESTION AND THE PART THAT I NEED HELP WITH IS IN PART 4, "CASH PAYMENTS FOR EXPENSES AND PAYMENTS TO CREDITORS.." THE ANSWER SHOULD BE 23,500 BUT THE RED X COMES UP IN THE HOMEWORK PAGE. THIS IS WHY I POSTED THIS QUESTION BECAUSE SOMETHING IS WRONG ALL THE REST OF MY ANSWERS ARE CORRECT EXCEPT FOR THIS ONE ANSWER. IF YOU NEED MORE INFORMATION PLEASE LET ME KNOW.

THANK YOU,

Financial Statements

Seth Feye established Reliance Financial Services on July 1, 2018. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after each transaction for July are shown below.