Assets

Account receivable 285,000

Cash 190,500 Total asset
Supplies 5,500 1,025,000
Land 544,000
Liabilities Total liabilities
Account payable 69,500 69,500

Equity Total Equity

Capital 670,000 955,500
Withdraw - 42,000
Fees earned 912,500
Miscellaneous expense - 6,400
Rent expense - 36,000
Utilities expense - 28,500
Wages expense - 510,000
Supplies expense - 4,100
Revenue Reliance Financial Service
Fees earned 144,500 Statement of Owner's Equity
For the Month Ended July 31, 2019
Expense
Salaries expense - 55,000 Seth Feye, Capital July 1, 2019
Rent expense - 33,000 Investment on July 1, 2019 -
Auto expense - 16,000 Net Income for July 31,200
Supplies expense - 4,500 Withdrawals - 15,000
Miscellaneous expense - 4,800 Increase in owner's equity
Total expense - 113,300 Seth Feye, capital, July 31, 2019

Net Income 31,200

ce Reliance Financial Service
uity Balance Sheet
1, 2019 For the Month Ended July 31, 2019

50,000 Assets
Cash $32,600
Account Receivable $34,500
Supplies $25,000
16,200
66,200 Liabilities
Account payable $3,400

Equity
Seth Feye's Capital $50,000
Seth Feye's Drawing -$15,000
Fees Earned $144,500
Salaries expense -$55,000
Rent expense -$33,000
Auto expense -$16,000
Supplies expense -$4,500
Miscellaneuos expense -$4,800
 Reliance Financial Service
Balance Sheet
For the Month Ended July 31, 2019

Assets
Cash 32,600
Account Receivable 34,500
Supplies 2,500
Total 69,600

Liabilities
Account payable 3,400

Equity
Seth Feye's Capital 50,000
Seth Feye's Drawing - 15,000
Fees Earned 144,500
Salaries expense - 55,000
Rent expense - 33,000
Auto expense - 16,000
Supplies expense - 4,500
Miscellaneuos expense - 4,800
Total 66,200