Question: Can you please help me solve this ? Harold Joseph is a painting contractor who specializes in painting commercial buildings. At the beginning of June,
Can you please help me solve this ?


Harold Joseph is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firm's financial records showed the following assets, liabilities, and owner's equity. Cash $59, 700 Accounts Receivable 15, 300 Office Furniture 34,50 Auto 22,200 Accounts Payable 9,900 Harold Joseph, Capital 90, 200 Revenue 54, 700 Expenses 23, 100 TRANSACTIONS 1. Performed services for $6,710 on credit. 2. Paid $1,730 in cash for new office chairs. 3. Received $11,500 in cash from credit clients. 4. Paid $910 in cash for telephone service. 5. Sent a check for $5,100 in partial payment of the amount due creditors. 6. Paid salaries of $8,400 in cash. 7. Sent a check for $1,150 to pay electric bill. 8. Performed services for $10,800 in cash. 9. Paid $2,380 in cash for auto repairs. 10. Performed services for $12,800 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 Equation AnalyzeBeginning Balances 1 New Balances + 2. New Balances + + + 3 + + New Balances + 4. + New Balances 4 5 + New Balances + + + 6. + + New Balances + + + + + 7. + + New Balances + + + + + + 8. + + + + New Balances + + + 9 + + New Balances + 10 + New Balances + + + +
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