nework $($i$)$

Sinved

Problem $2\mathrm{.}2$A $($Static$)$ Analyzing the effects of transactions on the accounting equation. LO $2-1,2-2,2-3$

Kawonza Carter is a painting contractor who specialzes in painting commercial buildings. At the beginning of June, her firm's financial records showed the following assets, liabilies, and owner's equity.

$\backslash$table$[[$Cash$,$$ $288,000],[$Accounts receiveble,$74,000],[$Office furmthre,$170,600],[$Avita$,110,000],[$Accounts payable,$61,200],[$Kewonza Carter. Capital,$429,000],[$Revenue$,263,200],[$Experises$,111,400]]$

TRANSACTIONS

Performed services for $$28,800$ on credit.

Paid $$7\mathrm{.}280$ in cash for new office chairs.

Received $$27,600$ in cash from credit clients.

Paid $$3,640$ in cash for telephone service.

Sent a check for $$20,800$ in partial payment of the amount due creditors.

Paid salaries of $$42,320$ in cash.

Sent a check for $$5,140$ to pay electric bill.

Performed services for $$51,600$ in cash.

Paid $$10,640$ in cash for auto repairs.

Performed services for $$60,000$ on account.

Enter the above transactions into the following accounting equations.

Analyze:

What is the amount of total assets after all transactions have been recorded?

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