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ACC 290 Week 1 Apply: Connect Assignment

ACC 290 Week 1 Apply: Connect Assignment PLDZ-7596
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ACC 290 Week 1 Apply: Connect Assignment

https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM

 

ACC 290 Week 1 Apply: Connect Assignment

Complete the Week 1 Assignment in Connect.

Note: You have only 1 attempt available to complete assignments.

1

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

$

60,200

 

Accounts Receivable

 

15,800

 

Office Furniture

 

35,000

 

Auto

 

22,700

 

Accounts Payable

 

10,400

 

Harold Joseph, Capital

 

90,700

 

Revenue

 

56,200

 

Expenses

 

23,600

 

TRANSACTIONS

  1. Performed services for $6,600 on credit.
  2. Paid $1,620 in cash for new office chairs.
  3. Received $10,400 in cash from credit clients.
  4. Paid $800 in cash for telephone service.
  5. Sent a check for $2,900 in partial payment of the amount due creditors.
  6. Paid salaries of $8,900 in cash.
  7. Sent a check for $1,040 to pay electric bill.
  8. Performed services for $9,700 in cash.
  9. Paid $2,270 in cash for auto repairs.
  10. Performed services for $11,700 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?

ACC 290 Week 1 Apply: Connect Assignment https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM ACC 290 Week 1 Apply: Connect Assignment Complete the Week 1 Assignment in Connect. Note: You have only 1 attempt available to comple
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