On July 1 John Walker established Home Appraisal

Services a #6076
On July 1, John Walker established Home Appraisal Services, a firm that provides expert
residential appraisals and represents clients in home appraisal
hearings.INSTRUCTIONSAnalyze the following transactions. Record in equation form the
changes that occur in assets, liabilities, and owner's equity. (Use plus, minus, and equals
signs.)TRANSACTIONS1. The owner invested $92,000 in cash to begin the business.2. Paid
$18,750 in cash for the purchase of equipment.3. Purchased additional equipment for $12,400
on credit.4. Paid $ 10,800 in cash to creditors.5. The owner made an additional investment of
$25,000 in cash.6. Performed services for $7,200 in cash.7. Performed services for $4,300 on
account.8. Paid $3,000 for rent expense.9. Received $2,500 in cash from credit clients.10. Paid
$5,460 in cash for office supplies.11. The owner withdrew $8,000 in cash for personal
expenses.Analyze:What is the ending balance of cash after all transactions have been
recorded?View Solution:
On July 1 John Walker established Home Appraisal Services a

ANSWER
http://paperinstant.com/downloads/on-july-1-john-walker-established-home-appraisal-services-
a/

1/1
Powered by TCPDF (www.tcpdf.org)