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How much cash does the business have to work with

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Question - Fisher King Inc. opened its business in April 2020. The company completed the following transactions during its first month of operations. April 1 Fisher King owner invested $25,000 cash to start the business. The business issued shares to the owner. April 4 Purchased supplies on Account totalling $9,000 April 9 Paid office rent of $4,000 April 25 Recorded $8,000 revenue for service rendered to patients, received cash of $2,000, and sent bills to customers for the remainder. After these transactions, how much cash does the business have to work with? Use T-accounts to show your answer.

Reference no: EM132548999

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