On july 1, tommy wrigley established wrigley home appraisal services, a firm that provides expert residential appraisals and represents clients in home appraisal hearings. transactions the owner invested $94,000 in cash to begin the business. paid $19,150 in cash for the purchase of equipment. purchased additional equipment for $13,200 on credit. paid $11,200 in cash to creditors. the owner made an additional investment of $27,000 in cash. performed services for $7,600 in cash. performed services for $5,100 on account. paid $3,400 for rent expense. received $2,900 in cash from credit clients. paid $5,860 in cash for office supplies. the owner withdrew $8,400 in cash for personal expenses. record in equation form the changes that occur in assets, liabilities, and owner’s equity for the above transactions.

The bold letters indicate the changes made and the effects of the transactions.

Where OE= Owner's Equity

AR = Account Receivable

R= revenue

E= expenses

Asset = Liabilities + Owner's Equity

a  Cash = OE

+ 94,000= + 94,000

b Asset = Liabilities + Owner's Equity

Cash + Equipment = OE

+ 94,000                     =   + 94,000

- 19150       + 1950                      =

New

Balance  74,850 + 19150 = 94000

c.  Asset = Liabilities + Owner's Equity

Cash+ Equipment  = Accounts Payable     + OE

74,850 + 19150+ 13,200 =      13,200 +     94000

d. Asset = Liabilities + Owner's Equity

Cash+ Equipment  = Accounts Payable     + OE

74,850 + 19150+ 13,200 =      13,200 +     94000

-11,200                             =       11,200

+ 19150+ 13,200 =                   2000 +     94000

e  Asset = Liabilities + Owner's Equity

Cash+ Equipment  = Accounts Payable     + OE

74,850 + 19150+ 13,200 =   2000 +     94000

27,000                             =                     27000    

101,850 +19150+ 13,200 =   2000 + 121,000

f. Asset = Liabilities + Owner's Equity  + Revenue

Cash+ Equipment  = Accounts Payable     + OE + R

101,850 +19150+ 13,200 =   2000 + 121,000 + 7600

7600                                                                                .

109450+19150+ 13,200 =   2000 + 121,000 + 7600

g.  Asset = Liabilities + Owner's Equity  + Revenue

Cash+ Equipment + AR  = Accounts Payable     + OE + R

101,850 + 32350+ 5100 =   2000 + 121,000 + 7600 + 5100

101,850 + 32350+ 5100 =   2000 + 121,000 + 12700

h. Asset = Liabilities + Owner's Equity  + Revenue -Expenses

Cash+ Equipment + AR  = Accounts Payable     + OE + R- E

101,850 (- 3400)+ 32350+ 5100 =   2000 + 121,000 + 12700- 3400

98450+ 32350+ 5100 =   2000 + 121,000 + 12700- 3400

i. Asset = Liabilities + Owner's Equity  + Revenue -Expenses

Cash+ Equipment + AR  = Accounts Payable     + OE + R- E

98450( + 2900)+ 32350+ 5100(-2900) =   2000 + 121,000 + 12700- 3400

101350 + 32350+ 2200= 2000 + 121,000 + 12700- 3400

j.  Asset = Liabilities + Owner's Equity  + Revenue -Expenses

Cash+ Equipment + AR + Office Supplies  = Accounts Payable     + OE + R- E

101350(- 5860) + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 3400

k.  Asset = Liabilities + Owner's Equity  + Revenue -Expenses

Cash+ Equipment + AR + Office Supplies  = Accounts Payable     + OE + R- E

101350 + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 3400

-8400                                                                                         -8400

92950 + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 11800

answer; blank(1); autonomous; blank(2) a wlan controller-based architecture;