Amount deposited in the business bank account reduced by withdrawal for personal use is the capital amount.
Amount deposited in business bank account is $25,000 and withdrawl for personal use is $4,000
$21,000 is the capital. (ie $25,000 - $4,000)
How do you Find The Capital? Balance Sheet On July 1, 2019, Pat Glenn established Half...
Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: Opened a business bank account with a deposit of $34,000 from personal funds. Purchased office supplies on account, $3,480. Paid creditor on account, $2,200. Earned sales commissions, receiving cash, $35,530. Paid rent on office and equipment for the month, $6,960. Withdrew cash for personal use, $11,000. Paid automobile expenses (including rental charge) for the month, $3,340, and...
Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: Opened a business bank account with a deposit of $34,000 from personal funds. Purchased office supplies on account, $3,490. Paid creditor on account, $2,210. Earned sales commissions, receiving cash, $35,600. Paid rent on office and equipment for the month, $6,980. Withdrew cash for personal use, $11,000. Paid automobile expenses (including rental charge) for the month, $3,350, and...
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July. A. Opened a business bank account with a deposit of $24,000 from personal funds. B. Purchased office supplies on account, $2,100. C. Paid creditor on account, $1,200. D. Earned sales commissions, receiving cash, $38,000. E. Paid rent on office and equipment for the month, $2,400. F. Withdrew cash for personal use, $3,700. G. Paid automobile expenses (including rental charge) for...
Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: Opened a business bank account with a deposit of $27,000 from personal funds. Purchased office supplies on account, $2,750. Paid creditor on account, $1,740. Earned sales commissions, receiving cash, $28,080. Paid rent on office and equipment for the month, $5,500. Withdrew cash for personal use, $9,000. Paid automobile expenses (including rental charge) for the month, $2,640, and...
Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: Opened a business bank account with a deposit of $25,000 from personal funds. Purchased office supplies on account, $2,550. Paid creditor on account, $1,610. Earned sales commissions, receiving cash, $26,020. Paid rent on office and equipment for the month, $5,100. Withdrew cash for personal use, $8,000. Paid automobile expenses (including rental charge) for the month, $2,450, and...
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: Opened a business bank account with a deposit of $29,000 from personal funds. Purchased office supplies on account, $2,960. Paid creditor on account, $1,880. Earned sales commissions, receiving cash, $30,250. Paid rent on office and equipment for the month, $5,930. Withdrew cash for personal use, $9,000. Paid automobile expenses (including rental charge) for the month, $2,840, and miscellaneous expenses, $1,360....
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: a. Opened a business bank account with a deposit of $20,000 from personal funds. b. Purchased office supplies on account, $2,030. c. Paid creditor on account, $1,290. d. Earned sales commissions, receiving cash, $20,760. e. Paid rent on office and equipment for the month, $4,070 f. Withdrew cash for personal use, $6,000. 9. Paid automobile expenses (including rental charge) for...
Transactions, Financial Statements On May 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July a. Opened a business bank account with a deposit of $34,000 from personal funds. b. Purchased office supplies on account, $3,400. c. Pald creditor on account, $2,150. d. Earned sales commissions, receiving cash, $34,710. e Paid rent on office and equipment for the month, 56,800. f. Withdrew cash for personal use, $11,000. 9. P o mobile expenses...
The account name is not Sales Fees earned Salaries commission What can it be ? And how do I Right the owners statement ??? Balandn Sheet On July 1, 2019, Pat Glenn established Half Moon Realty Pat completed the following transactions during the month of July A Opened a business bank account with a deposit of $25,000 from personal funds. B. Purchased office supplies on account, $1,850 C. Paid creditor on account, $1,200. D. Eamed sales commissions, receiving cash, $41,500....
moblems eBook Calculator Print Item Transactions; Financial Statements On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July: a. Opened a business bank account with a deposit of $31,000 from personal funds. b. Purchased office supplies on account, $3,160. c. Paid creditor on account, $2,000. d. Earned sales commissions, receiving cash, $32,240. e. Paid rent on office and equipment for the month, $6,320. f. Withdrew cash for personal use, $10,000....