I need a owner’s equity statement and balance sheet due 2/7 at 3pm

Hire our professional essay experts at Gradehunters.net who are available online 24/7 for an essay paper written to a high standard at an affordable cost.

Order a Similar Paper Order a Different Paper

oblem 1-2A

Judi Salem opened a law office on July 1, 2017. On July 31, the balance sheet showed Cash $5,300, Accounts Receivable $1,900, Supplies $600, Equipment $6,000, Accounts Payable $4,000, and Owner’s Capital $9,800. During August, the following transactions occurred.

1. Collected $1,600 of accounts receivable.2. Paid $3,000 cash on accounts payable.3. Recognized revenue of $7,300, of which $1,900 is collected in cash and the balance is due in September.4. Purchased additional equipment for $1,900, paying $400 in cash and the balance on account.5. Paid salaries $1,700, rent for August $1,100, and advertising expenses $350.6. Withdrew $700 in cash for personal use.7. Received $1,600 from Standard Federal Bank—money borrowed on a note payable.8. 

Incurred utility expenses for month on account $270.


Everyone needs a little help with academic work from time to time. Hire the best essay writing professionals working for us today!

Get a 15% discount for your first order

Order a Similar Paper Order a Different Paper