Answer to Question #305474 in Accounting for Abreham

Question

on june 31, 2010 the statment of financial position of music Depot showed cash $11,000, accounts receivable $1,500 supplies $900, equipment $10,000 accounts payable $2600, during september, the following transactions occured . July 1 Lee chang made an additional investment in music Depot by depositing $2500 in music Depot,s cheeking account

Answer 1

as a result, equity increased by $ 2,500