Acct HW 7 - 5-3A Event Number $ 1 2 2b 3 $ 4 $ 5 $ $...

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Black 1 5-3A: Balance Sheet Income Statement Cash Flow Assets = Liabilities Stockholder's Equity Cash + Accts. Rec. Inv. Acct. Payable C. Stock Ret. Earn. Rev. - Exp. = Net Inc. $36,000.00 $36,000.00 1 $40,000.00 $40,000.00 2 $45,000.00 $45,000.00 $45,000.00 $45,000.00 $45,000.00 oa 2b $(30,000.00) $(30,000.00) $30,000.00 $(30,000.00) 3 $(25,000.00) $(25,000.00) $25,000.00 $(25,000.00) 4 $40,000.00 $(40,000.00) 5 $(8,000.00) $(8,000.00) $8,000.00 $(8,000.00) $(8,000.00) oa $43,000.00 $5,000.00 $10,000.00 $15,000.00 $36,000.00 $7,000.00 $45,000.00 $63,000.00 $(18,000.00) $37,000.00 5-4A: General Journal Account Title Debit Credit 1 Cash $15,000.00 Common Stock $15,000.00 2 Inventory $12,000.00 Cash $12,000.00 3 Cash $11,000.00 Sales Revenue $11,000.00 3b Cost of Goods Sold $6,500.00 Inventory $6,500.00 4 Advertising Expense $800.00 Cash $800.00 5-4A: Assets = Liabilities = Owners' Equity Cash Advertising Expense Common Stock Debit Credit Debit Credit Debit Credit (1) 15000 (2) 12000 (4) 800 (1) 15000 (3) 11000 (4) 800
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Acct HW 7 - 5-3A Event Number $ 1 2 2b 3 $ 4 $ 5 $ $...

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