Problem 2.1A (Algo) Analyzing the effects of transactions on the accounting equation.
On July 1, Roberto Alonzo established Alonzo Commercial Appraisal Services, a firm that provides expert commerce represents clients in commercial appraisal hearings.
TRANSACTIONS
1. The owner invested $91,000 in cash to begin the business.
2. Paid $18,550 in cash for the purchase of equipment.
3. Purchased additional equipment for $14,800 on credit.
4. Paid $10,600 in cash to creditors.
5. The owner made an additional investment of $24,000 in cash.
6. Performed services for $7,000 in cash.
7. Performed services for $6,700 on account.
8. Paid $2,800 for rent expense.
9. Received $2,300 in cash from credit clients.
10. Paid $5,260 in cash for office supplies.
11. The owner withdrew $7,800 in cash for personal expenses.
Record in equation form the changes that occur in assets, liabilities, and owner's equity for the above transaction
Analyze:
What is the ending balance of cash after all transactions have been recorded?
Complete this question by entering your answers in the tabs below.
Accounting Equation | Analyze
What is the ending balance of cash after all transactions have been recorded?
Ending balance of cash $ 9,300
