Andrea conaway opened wonderland photography on january 1

Assignment Help Accounting Basics

Reference no: EM13586745

Andrea Conaway opened Wonderland Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:
Conaway invested $13,500 cash in the business.
2. Conaway contributed $20,000 of photography equipment to the business.
3. The company paid $2,100 cash for an insurance policy covering the next 24 months.
4. The company received $5,700 cash for services provided during January.
5. The company purchased $6,200 of office equipment on credit.
6. The company provided $2,750 of services to customers on account.
7. The company paid cash of $1,500 for monthly rent.
8. The company paid $3,100 on the office equipment purchased in transaction #5 above.
9. Paid $275 cash for January utilities.
Based on this information, the balance in the Andrea Conaway, Capital account reported on the Statement of Owner's Equity at the end of the month would be:

Reference no: EM13586745

Questions Cloud

What is the effect on net income if one more unit is sold : sales price 12.19 per unitvariable costs 5.22 per unitfixed costs 55470units sold 10087what is the effect on net income

What is the total distance the bird travels before the : two trains each having a speed of 30 kmh are headed at each other on the same straight track. a bird that can fly 60

A company was organized in january 2010 and has 2000 shares : a company was organized in january 2010 and has 2000 shares of 100 par value 10 nonparticipating preferred stock

To avoid having the front of your car enter the : you are driving toward a traffic signal when it turns yellow. your speed is the legal speed limit of v0 55kmh your

Andrea conaway opened wonderland photography on january 1 : andrea conaway opened wonderland photography on january 1 of the current year. during january the following

Cutting edge corp produces sporting equipment in 2012 the : cutting edge corp. produces sporting equipment. in 2012 the first year of operations cutting edge produced 25000 units

Minor landscaping company is preparing its budget for the : minor landscaping company is preparing its budget for the first quarter of 2013. the next step in the budgeting process

In the coordinate planewhat is the total number of points : in the coordinate planewhat is the total number of points that are 8 units from the origin and equidistant from the

Ue the intermediate value theorem to explain that their : a evaluate limx--gtinfinity lnx50x100. please reference any theorems and examples that you used to answer this

User Account

All Pages