Reference no: EM132884619
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?