Relaxation Spa had the following transactions for the month of June 2020: 1. Owner withdrew $10,000...
Relaxation Spa had the following transactions for the month of June 2020:
1. Owner withdrew $10,000 from the company.
2. Owner invested $12,000 in the company.
3. Used $6,000 for lotions and oils.
4. Paid $22,400 for masseuse and administrative wages.
5. Sold $4,250 from the gift shop.
6. Received $37,000 in session fees (25% paid on account).
If the owner’s equity was $492,000 on June 1, 2017, what was the owner’s equity on June 30, 2017?
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month of June.
Jenna Aracel, the owner, invested $155,000 cash, office
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to launch the company.
The company purchased land worth $55,000 for an office by
paying $7,500 cash and signing a long-term note payable for
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The company purchased a portable building with $55,000 cash and
moved it onto the land acquired in b.
The company paid $2,800 cash for the...
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