Reference no: EM133030072
Question - Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred:
Wiley invested $28,000 cash in the business.
Wiley contributed $103,000 of equipment to the business.
The company paid $2,300 cash to rent office space for the month of March.
The company received $19,000 cash for repair services provided during March.
The company paid $6,500 for salaries for the month of March.
The company provided $3,300 of services to customers on account.
The company paid cash of $800 for utilities for the month of March.
The company received $3,400 cash in advance from a customer for repair services to be provided in April.
Wiley withdrew $5,300 for his personal use from the company.
Based on this information, what the balance in Wiley Hill, Capital reported on the Statement of Owner's Equity at the end of March?
a. $141,800.
b. $138,400.
c. $132,800.
d. $8,100.
e. $16,500.
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