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

0

$0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!