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

Question

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 $___ Total$___

Answer 1

can you please explain how to get the answer i'm confused

Answer 2

did you ever figure this out? what was the answer?

Answer 3

Cash- $3,325.00
Total Assets- $3,825.00
Accounts payable- $155.00
Owners Equity- $3,670.00
Total- $3,825.00

Answer 4

Yes thank u this is correct

Answer 5

this was really helpful thank you