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What was the net income or net loss for sawyer architecture

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Reference no: EM132468058

The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $74,000

Assets                                                                                  td        Lab,      •                  Owner's I

G.

Accts.                                                                                                                                          Accts.         Sawyer.

Transaction        Cash             Rec.          Supp.            Equip.           Pay.           Capital             Re.

1              •73.500                                                                                +73.500

2

- 8.500

 

.8.500

 

3

 

+5.500

 

+5.51

4

 

 

+3.980        +3.980

 

5

-3,650

 

 

 

6
  • 700

-700

 

 

7

-2,700

 

 

-2.700

8

-480
  • 480

 

 

Bal

58.870 I •          4.800

I •      480 I •      12.480

I =     3.980 I •     70.800

I •     5.5(

Question 1: What was the net income or net loss for Sawyer Architecture Services for the month of June?

 

 

 

 

 

Reference no: EM132468058

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