Taylor Equipment Repair Service is owned by Jason Taylor. Cash $ 33,700 Supplies 5,780 Accounts Receivable...
Taylor Equipment Repair Service is owned by Jason Taylor. Cash $ 33,700 Supplies 5,780 Accounts Receivable 12,600 Equipment 77,400 Accounts Payable 23,400 Use the above figures to prepare a balance sheet dated February 28, 2019. Analyze: What is the net worth, or owner’s equity, at February 28, 2019, for Taylor Equipment Repair Service?
Homework Answers
Answer:
| Assets | Amt |
| Cash | 33700 |
| Supplies | 5780 |
| Accounts Receivable | 12600 |
| Equipment | 77400 |
| Total Assets | 129480 |
| Liabilities | |
| Accounts Payable | 23400 |
| Owners Equity (Bal Figure) | 106080 |
| Total Liabilities and Equity | 129480 |
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Taylor Equipment Repair Service is owned by Jason Taylor. Cash $
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