Zookal
Zookal

We’d love to hear any feedback or comment from you!

© 2011-2021 Zookal Pty Ltd

View question and answer

From our collection of questions and answers
Business · Accounting
Question details

Harold Joseph is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firms financial records showed the following assets, liabilities, and owners equity. Cash Accounts Receivable Office Furniture Auto Accounts Payable Harold Joseph, Capital Revenue Expenses $59, 800 15, 400 34, 600 22, 300 10, ΘΘΘ 90, 300 55, ΘΘΘ 23,200 TRANSACTIONS 1. Performed services for $6,700 on credit. 2. Paid $1,720 in cash for new office chairs. 3. Received $11,400 in cash from credit clients 4. Paid $900 in cash for telephone service 5. Sent a check for $4,900 in partial payment of the amount due creditors. 6. Paid salaries of $8,500 in cash 7. Sent a check for $1,140 to pay electric bill 8. Performed services for $10,700 in cash 9. Paid $2,370 in cash for auto repairs 10. Performed services for $12,700 on account.Enter the above transactions in to the following accounting equations. Analyze: What is the amount of total assets after all transactions have been recorded? Accounting Analyze Equation Enter the above transactions in to the following accounting equations. (Enter decreases to account balances with a minus sign.) Assets Liabilities+ Accounts Payable Owners Equity Accounts Receivable Office Furniture H. Joseph ital Cash Auto +RevenueExpen Beginning Balances New Balances New Balance New Balances New BalancesNew Balances 3 New Balances 4 New Balances 5 New Balances 6 New Balances 7 New Balances 8 New Balances 9 New Balances 10 New BalancesEnter the above transactions in to the following accounting equations. Analyze: What is the amount of total assets after all transactions have been recorded? Accounting Equation Analyze What is the amount of total assets after all transactions have been recorded? Total Assets

Answer
Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.

Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.Find step-by-step answers from expert tutors to questions asked by students like you. Start 14-day free trial.