ACC 290 Week 1 Apply: Connect Assignment

ACC 290 Week 1 Apply: Connect Assignment

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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.  

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?