The table below shows the transactions for Sawyer Architecture Services during June Greg Sawyer opened this

Question

The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this

business on June 1 with a capital investment of $77,000 (Transaction 1).

What was the net income or net loss for Sawyer Architecture Services for the month of June?

9
Required information
The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this
business on June 1 with a capital investment of $77,000 (Transaction 1).
Part 1 of 2
Assets
= Liab. +
Owner’s Equity
Accts.
Accts.
G. Sawyer,
Transaction
Cash
Rec.
Supp .
Equip.
Pay .
Capital
Rev.
Exp .
12
+77,000
points
DO YOUPWNE
+77,000
– 9,200
+9, 206
+6, 200
+6, 200
+4, 680 +4,680
-4,060
-4,090
eBook
+ 770
-770
-3,400
-3,400
References
-556
+550
Bal
60, 620+
5,430 +
550+ 13, 880 =
4, 680 +
73, 600
6, 200 –
4,900
What was the net income or net loss for Sawyer Architecture Services for the month of June?
Financial Accounting