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 $70,000 (Transaction 1).
Prepare the statement of owner's equity for Sawyer Architecture
Services for the month ended June 30, 2019.
| Assets | = | Liab. | + | Owner's Equity | ||||||||||||
| Transaction | Cash | Accts. Rec. |
Supp. | Equip. | Accts. Pay. |
G. Sawyer, Capital |
Rev. | Exp. | ||||||||
| 1 | +70,000 | +70,000 | ||||||||||||||
| 2 | − 7,800 | +7,800 | ||||||||||||||
| 3 | +4,800 | +4,800 | ||||||||||||||
| 4 | +3,280 | +3,280 | ||||||||||||||
| 5 | −3,300 | −3,300 | ||||||||||||||
| 6 | + 630 | −630 | ||||||||||||||
| 7 | −2,000 | −2,000 | ||||||||||||||
| 8 | −410 | +410 | ||||||||||||||
| Bal | 57,120 | + | 4,170 | + | 410 | + | 11,080 | = | 3,280 | + | 68,000 | + | 4,800 | − | 3,300 | |
