Reference no: EM132592652
Question - Harold Joseph is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firm's financial records showed the following assets, liabilities, and owner's equity.
Cash $59,500
Accounts Receivable 15,100
Office Furniture 34,300
Auto 22,000
Accounts Payable 9,700
Harold Joseph, Capital 90,000
Revenue 54,100
Expenses 22,900
TRANSACTIONS -
1. Performed services for $6,730 on credit.
2. Paid $1,750 in cash for new office chairs.
3. Received $11,700 in cash from credit clients.
4. Paid $930 in cash for telephone service.
5. Sent a check for $5,500 in partial payment of the amount due creditors.
6. Paid salaries of $8,200 in cash.
7. Sent a check for $1,170 to pay electric bill.
8. Performed services for $11,000 in cash.
9. Paid $2,400 in cash for auto repairs.
10. Performed services for $13,000 on account.
What is the amount of total assets after all transactions have been recorded?