Business, 28.01.2020 02:31 valeriegarcia12
On july 1, tommy wrigley established wrigley home appraisal services, a firm that provides expert residential appraisals and represents clients in home appraisal hearings.
transactions
the owner invested $95,000 in cash to begin the business.
paid $19,350 in cash for the purchase of equipment.
purchased additional equipment for $13,600 on credit.
paid $11,400 in cash to creditors.
the owner made an additional investment of $28,000 in cash.
performed services for $7,800 in cash.
performed services for $5,500 on account.
paid $3,600 for rent expense.
received $3,100 in cash from credit clients.
paid $6,060 in cash for office supplies.
the owner withdrew $8,600 in cash for personal expenses.
record in equation form the changes that occur in assets, liabilities, and owner’s equity for the above transactions.
analyze:
what is the ending balance of cash after all transactions have been recorded?
Answers: 2
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