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

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 $70,500 (Transaction 1) Assets = Liab. + Owner's Equity Accts. Accts. G. Sawyer, Transaction Cash Rec. Supp Equip Pay. Capital Rev. Exp. +70,500 +70,500 - 7,90 +4,900 +4,99 388 -3,350 -3,350 + 640 -640 -2,100 -2,100 -420 +420 57,376 + Bal 4,260 + 420+,280 3,380 + 68,48e + 4,900 - 3,350 DOWN Prepare the balance sheet for Sawyer Architecture Services as of June 30, 2019. SAWYER ARCHITECTURE SERVICES Balance Sheet Prey 4 of 7 Next > DO Lupi Prepare the balance sheet for Sawyer Architecture Services as of June 30, 2019 3,380 SAWYER ARCHITECTURE SERVICES Balance Sheet in June 30, 2018, Liabilities $ 57,370 Accounts payable 4.200 expense Owner's Equity Capital Assets Cash Accounts receivable Supplies Equipment 1,400 68,400 $ Total Assets 73,330 es and Owner's Equity $ 73,180

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!