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What is a Murray Capital at September

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Question - Floating Airplanes has completed all of its journal entries and adjusting entries for the month of September 2019. The adjusted trial balance is shown below. Note: during the month of September, the owner of Floating Airplanes invested $5,720 into the business.

Floating Airplanes Adjusted Trial Balance September 30, 2019

Account Titles DR CR

Cash $8,340

Accounts Receivable $7,510

Prepaid Insurance $1,960

Equipment $63,840

Accumulated Depreciation-Equipment $1,880

Accounts Payable $9,050

Interest Payable $60

Unearned Revenue $5,070

Bank Loan $15,120

Murray, Capital $49,240

Murray, Withdrawals $1,080

Service Revenue $5,120

Advertising Expense $350

Depreciation Expense $240

Insurance Expense $470

Interest Expense $210

Rent Expense $1,540

Total $85,540 DR, and total CR is $85,540

Required -

1. What is a Murray, Capital at September 1, 2019?

2. What is a Murray, Capital at September 30, 2019?

Reference no: EM132884619

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