Asked by Yelena

start with $3,500 in cash and in owner's equity.

You sell product purchased for $750 for $1,525.00
You purchase equipment for $500.
You pay the rent by check for $450
You receive next month's power bill for $155.00


Cash $_____ Accounts Payable $___
Equipment $ 500.00 Owner's Equity: Investment$_
Total $___ Total$___

Answers

Answered by Yelena
can you please explain how to get the answer i'm confused
Answered by megan
did you ever figure this out? what was the answer?
Answered by DG
Cash- $3,325.00
Total Assets- $3,825.00
Accounts payable- $155.00
Owners Equity- $3,670.00
Total- $3,825.00
Answered by B
Yes thank u this is correct
Answered by jigsaw
this was really helpful thank you
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