View History Bookmarks Window Help ezto.mheducation.com Updates Ready Home Content M Question 1 - Some apps curren preventing automa Home Content M Question 1 - Wk 3 - Apply: Summative Assessment [due Day 7] i Saved He Adams Engineering Balance Sheet June 30, 2019 52.5 points eBook References 197,280 $ 197,280 Mc Graw Prev 1 of 2 Next > HillSh Transaction Impact on Equity Leslie Adams, the owner, invested $124,000 cash, office equipment with a value of $11,000, and $72,000 of drafting equipment to launch the company. The company purchased land worth $55,000 for an office by paying $14,700 cash and signing a long-term note 0 payable for $40,300. The company purchased a portable building with $49,000 0 cash and moved it onto the land acquired on June 2. The company paid $6,600 cash for the premium on an 18- month insurance policy. 0 The company completed and delivered a set of plans for a 0 client and collected $11,000 cash. The company purchased $27,200 of additional drafting equipment by paying $15,500 cash and signing a long- 0 term note payable for $11,700. The company completed $23,600 of engineering services for a client. This amount is to be received in 30 days. 0 The company purchased $1,750 of additional office equipment on credit. 0 The company completed engineering services for $24,400 on credit. 0 The company received a bill for rent of equipment that was used on a recently completed job. The $1,900 rent cost 0 must be paid within 30 days. The company collected $11,800 cash in partial payment from the client billed on June 9. 0 The company paid $1,200 cash for wages to a drafting assistant. 0 The company paid $1,750 cash to settle the account payable created in on June 8. 0 The company paid $1,225 cash for minor repairs of its 0The company purchased $27,200 of additional drafting equipment by paying $15,500 cash and signing a long- 0 term note payable for $11,700. The company completed $23,600 of engineering services for a client. This amount is to be received in 30 days. 0 The company purchased $1,750 of additional office equipment on credit. 0 The company completed engineering services for $24,400 on credit. 0 The company received a bill for rent of equipment that was used on a recently completed job. The $1,900 rent cost 0 must be paid within 30 days. The company collected $11,800 cash in partial payment from the client billed on June 9. 0 The company paid $1,200 cash for wages to a drafting assistant. 0 The company paid $1,750 cash to settle the account payable created in on June 8. 0 The company paid $1,225 cash for minor repairs of its O drafting equipment. Leslie Adams withdrew $9,720 cash from the company for 0 personal use. The company paid $1,200 cash for wages to a drafting 0 assistant. The company paid $2,980 cash for advertisements on the web during June. Total change in equity $ 0 drafting ccount irs of its Increased equity - Revenue company for Increased equity - Owner investment drafting Decreased equity - Expense ments on the Decreased equity - Owner withdrawals No change in equity