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lisa crawford created a corporation providing legal services, Lisa Crawford Inc on july 1, 2022. On july 31 the balance sheet showed cash $5,200, Accounts receivable $3,250, supplies $650, equipment $6,500 accounts payable $5,460, common stock 8,060 and retained earnings $2,080. During august, the following transaction occurred.

Lisa Crawford Created A Corporation Providing Legal Services Lisa Crawford Inc On July 1 2022 On July 31 The Balance Sheet Showed Cash 5200 Accounts Receivable class=
Lisa Crawford Created A Corporation Providing Legal Services Lisa Crawford Inc On July 1 2022 On July 31 The Balance Sheet Showed Cash 5200 Accounts Receivable class=
Lisa Crawford Created A Corporation Providing Legal Services Lisa Crawford Inc On July 1 2022 On July 31 The Balance Sheet Showed Cash 5200 Accounts Receivable class=
Lisa Crawford Created A Corporation Providing Legal Services Lisa Crawford Inc On July 1 2022 On July 31 The Balance Sheet Showed Cash 5200 Accounts Receivable class=
Lisa Crawford Created A Corporation Providing Legal Services Lisa Crawford Inc On July 1 2022 On July 31 The Balance Sheet Showed Cash 5200 Accounts Receivable class=

Sagot :

anthougo

Transactions shown in tabular form with the accounting equation are as follows:

                  Assets                               =      Liabilities         +         Equity

             Cash Accounts Supp Equip-  Notes  Accounts  Common Retained

                   Receivable   lies   ment   Payable  Payable     Stock    Earnings

7/31   $5,200 $3,250  $650  $6,500    $0         $5,460    $8,060    $2,080

8/1         1,430   -1,430

8/4      -3,510                                                           -3,510

8/9      4,680    2,340                                                                              7,020

8/15       -910                              5,200                   4,290

8/19    -3,185                                                                                           -3,185

8/23      -910                                                                                             -910

8/26  6,500                                              6,500

8/31                                                                            504                       -504

8/31 $9,295   $4,160    $650 $11,700  $6,500 $6,744    $8,060    $4,501

Data:

Beginning balances on July 31:

Cash = $5,200

Accounts receivable = $3,250

Supplies = $650

Equipment = $6,500

Accounts payable = $5,460

Common stock = $8,060

Retained earnings = $2,080

Transaction Analysis:

Aug. 1 Cash $1,430 Accounts Receivable $1,430

Aug. 4 Accounts Payable $3,510 Cash $3,510

Aug. 9 Cash $4,680 Accounts Receivable $2,340 Sales Revenue $7,020

Aug. 15 Office Equipment $5,200 Cash $910 Accounts Payable $4,290

Aug. 19 Salaries Expenses $1,820 Rent Expenses $910 Advertising Expenses $455 Cash $3,185

Aug. 23 Dividend $910 Cash $910

Aug. 26 Cash $6,500 Notes Payable $6,500

Aug. 31 Utilities Expenses $504 Accounts Payable $504

Learn more about the accounting equation at https://brainly.com/question/21862784

             

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