The Balance Sheet at the beginning of the month shows Total Liabilities of $30500 and...
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Accounting
The Balance Sheet at the beginning of the month shows Total Liabilities of $30500 and during the month the following transactions occurred: (a) Sold services in cash for $3,235; (b) Purchase office supplies on account for $10,400; (c) Paid owed salaries from last month for $5,910; (d) Received a cash payment from a customer that owed $7,500 on account; and paid current month rent for $5,000.
Required 1: What are Total Liabilities at the end of the month? $
Required 2: By how much did the Total Assets changed? $
Required 3: If these were all transactions, how much is the net income (loss) of the period? In case of loss, use "-" (minus sign) $
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