Popovich Company had the following transactions during June.

June 1 $20,000 of merchandise inventory was purchased with cash.

15 Sold merchandise for $60,000 cash. The merchandise had cost Popovich $28,000.

23 Borrowed $200,000 from a bank.

25 Paid $2,000 for supplies used in June.

28 June wages of $6,000 were paid.

30 $100,000 of equipment was purchased using cash.

30 Paid $4,000 for utilities consumed in June.

Indicate the amount of cash, other assets, liabilities, and/or owners’ equity that would result from each transaction by completing the table provided on the next page.

ASSETS

=

LIABILITIES

+

OWNERS’ EQUITY

Cash

Other Assets

Contributed
Capital

Retained
Earnings

Date

Accounts

$40,000

60,000

=

30,000

+

50,000

+ 20,000

1 Jun

Beginning Amounts

Ending Amounts