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Question Help Johnson Waterworks Company provides plumbing services. The company is a sole proprietorship. Transactions during the first year of operations are provided below. a)

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Question Help Johnson Waterworks Company provides plumbing services. The company is a sole proprietorship. Transactions during the first year of operations are provided below. a) The owner, Mitchell Johnson, contributed $11,000 cash in exchange for capital. b) Paid $1,700 for equipment to be used for plumbing repairs. c) Borrowed $14.000 from a local bank and deposited the money in the checking account. d) Paid $300 in rent for the year. e) Paid $400 for plumbing supplies to be used on various jobs next year. f) Completed a plumbing repair for a law firm and received $3,400. Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $400 are left at the end of the year O A. 528.100 O B. $25,000 C. $2.100 O D. $1,700 . Click to select your answer ^ a (0) 6:19 PM 1/18/2020

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