Jim tree has $3,300 in cash and $3,300 in owners equity. the following transactions take place. you withdraw $500 for yourself, you sell a workbench which originally cost you $800, for $950 cash. you pay $60 in cash for truck maintenance. next month's utility bills total $225.

Assets

Cash: 2,500 - 500 + 950 - 60 = $2,890

Equipment: $0.00

Total Assets: The only asset he has is the cash $2,890

Liabilities and Owner's Equity

Accounts Payable: $225

Owner's Equity- Investment: 3,300 - 500 + 150 - 60 - 225 = $2,665

Total Liabilities and Owner's Equity: 225 + 2,665 = $2,890

exa:

)

3+11

14

step-by-step explanation:

from this example, we can see that subtracting with integers is the same as adding the opposite. we can solve using a number line or by using the saying "keep, change, change" to us solve. it is important to remember that we can subtract a negative and end up with a larger number than we started with.