Sean Matthews is a waiter at the Deluxe Lounge. In his first weekly pay in March, he earned
$150.00 for the 40 hours he worked. In addition, he reports his tips for February to his employer
($500.00), and the employer withholds the
increase to assets (cash) and also increase to owner's equity (assuming the invested cash came
from the owner) Equation is still balanced because both assets and OE went up
increase to assets (cash), decrease to assets (account
Enter the appropriate numbers/formulas in the shaded (gray) cells.
An asterisk (*) will appear to the right of an incorrect answer.
Minimum weekly wage