The following information should be used for questions 96-98.The figure below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $78,000 (Transaction 1). Trans?Assets?=Liab.?Owner's Equity?CashAcctsSuppEquipAccts?G. Sawyer,Rev.Expense??Rec??Pay?Capital????????????1+78,000?????+78,000??2- 8,200??+8,200?????3?+5,200?????+5,200?4???+3,680+3,680????5- 3,500???????-3,5006+ 670- 670???????7- 2,400?????- 2,400??8- 450?+450??????Bal 64,120 +4,530 + 450 +11,880= 3,680+ 75,600 + 5,200 +-3,500Prepare the balance sheet for
Sawyer Architecture Services as of June 30, 2019.
What will be an ideal response?
| Sawyer Architecture Services | |
| Balance Sheet | |
| June 30, 2019 | |
| Assets | Liabilities |
| Cash | $64,120 | Accounts Payable | $3,680 |
| Accounts Receivable | 4,530 | ? | ? |
| Supplies | 450 | Owner's Equity |
| Equipment | 11,880 | Greg Sawyer, Capital | 77,300 |
| Total Assets ? | $80,980 | Total Liabilities and Owner's Equity | $80,980 |
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