Reference no: EM132573460

Harold Joseph is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firm's financial records showed the following assets, liabilities, and owner's equity.

Cash $59,500

Accounts Receivable 15,100

Office Furniture 34,300

Auto 22,000

Accounts Payable 9,700

Harold Joseph, Capital 90,000

Revenue 54,100

Expenses 22,900

TRANSACTIONS

Performed services for $6,730 on credit.
Paid $1,750 in cash for new office chairs.
Received $11,700 in cash from credit clients.
Paid $930 in cash for telephone service.
Sent a check for $5,500 in partial payment of the amount due creditors.
Paid salaries of $8,200 in cash.
Sent a check for $1,170 to pay electric bill.
Performed services for $11,000 in cash.
Paid $2,400 in cash for auto repairs.
Performed services for $13,000 on account.

Enter the above transactions in to the following accounting equations.

Analyze:

Question 1: What is the amount of total assets after all transactions have been recorded?