ACC 290 Week 1 Apply: Connect Assignment
ACC 290 Week 1 Apply: Connect Assignment
PLDZ-7596
In Stock
Buy and Download >
Description
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
- Performed services for $6,600 on credit.
- Paid $1,620 in cash for new office chairs.
- Received $10,400 in cash from credit clients.
- Paid $800 in cash for telephone service.
- Sent a check for $2,900 in partial payment of the amount due creditors.
- Paid salaries of $8,900 in cash.
- Sent a check for $1,040 to pay electric bill.
- Performed services for $9,700 in cash.
- Paid $2,270 in cash for auto repairs.
- 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