Question: Required information The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital
Required information
The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $68,000 (Transaction 1).
| Assets | = | Liab. | + | Owner's Equity | ||||||||||||
| Transaction | Cash | Accts. Rec. | Supp. | Equip. | Accts. Pay. | G. Sawyer, Capital | Rev. | Exp. | ||||||||
| 1 | +68,000 | +68,000 | ||||||||||||||
| 2 | 7,400 | +7,400 | ||||||||||||||
| 3 | +4,400 | +4,400 | ||||||||||||||
| 4 | +2,880 | +2,880 | ||||||||||||||
| 5 | 3,100 | 3,100 | ||||||||||||||
| 6 | + 590 | 590 | ||||||||||||||
| 7 | 1,600 | 1,600 | ||||||||||||||
| 8 | 370 | +370 | ||||||||||||||
| Bal | 56,120 | + | 3,810 | + | 370 | + | 10,280 | = | 2,880 | + | 66,400 | + | 4,400 | 3,100 | ||
Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019.
| SAWYER ARCHITECTURE SERVICES | ||
| Statement of Owner's Equity | ||
| Month Ended June 30, 2019 | ||
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| 0 | |
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| $0 | |
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