Answer the questions below list of transactions: Jan 1 - Owner transferred cash by check from personal bank account to new business account, $30,000 Jan 2 - Paid in cash by check rent for the month of January, $2,000 Jan 5 - Purchased supplies (Asset) on account, $1,600 Jan 6 - Paid by check marketing expenses, $1,150 Jan 18 - Earned fees invoice sent to client to be paid next month, $9,125 Jan 25 - Paid by check office salaries, $2,500 Jan 30 - Paid cash for office supplies purchased on Jan 5, $1,600 Jan 31 - Owner withdrew cash by check for personal use, $1,000 Based on the above transactions, answer the following for the end of the month: 4. Total assets at end of month: $ (assets) 5. Total liabilities at end of month: $ (liabilities) 6. Owner's equity balance at end of month: $ (equity)
Answer the questions below list of transactions:
Jan 1 - Owner transferred cash by check from personal bank account to new business account, $30,000
Jan 2 - Paid in cash by check rent for the month of January, $2,000
Jan 5 - Purchased supplies (Asset) on account, $1,600
Jan 6 - Paid by check marketing expenses, $1,150
Jan 18 - Earned fees invoice sent to client to be paid next month, $9,125
Jan 25 - Paid by check office salaries, $2,500
Jan 30 - Paid cash for office supplies purchased on Jan 5, $1,600
Jan 31 - Owner withdrew cash by check for personal use, $1,000
Based on the above transactions, answer the following for the end of the month:
4. Total assets at end of month: $ (assets)
5. Total liabilities at end of month: $ (liabilities)
6. Owner's equity balance at end of month: $ (equity)
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