01-5A_9e - i. Bal. j. Bal. k. Bal. l. Bal. arnings arnings...

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Problem 1-5A Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. Assets = Liabilities + Stockholders' Equity Accounts Accounts Capital Cash + Receivable + Supplies + Land = Payable + Stock + Retained Ea + + + = + + Retained Ea = + + Retained Ea = Retained Earnings Enter the appropriate amount or item in the shaded cells. Place a plus sign or minus sign in the small box beside the amoun Row (a) has been completed as an example. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 2. Assets = Liabilities + Accounts Accounts Capital Retained Cash + Receivable + Supplies + Land = Payable + Stock + Earnings - Bal. 8,500 15,500 1,600 18,000 5,200 15,000 23,400 a. + 30,000 + 30,000 Bal. 38,500 15,500 1,600 18,000 5,200 45,000 23,400 b. Bal. c. Bal. d. Bal. e. Bal. f. Bal. g. Bal. h. Bal.
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Unformatted text preview: i. Bal. j. Bal. k. Bal. l. Bal. arnings arnings arnings nt. Stockholders' Equity Dry Dry Cleaning Cleaning Wages Rent Supplies Truck Utilities Dividends + Sales-Expense-Expense-Expense-Expense-Expense-Expense-Misc. Expense Problem 1-5A (cont'd) Name: Section: 3. a. ARGON DRY CLEANERS Income Statement Dry cleaning sales Expenses: Total expenses Net income b. ARGON DRY CLEANERS Statement of Retained Earnings Retained earnings, July 1, 2008 Retained earnings, July 31, 2008 c. ARGON DRY CLEAN Balance Sheet Assets Tota Total assets Tota 4. ARGON DRY CLEANERS Statement of Cash Flows For the Month Ended July 31, 2008 Cash flows from operating activities: Cash flows from investing activities: Purchase of land Cash flows from financing activities:...
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01-5A_9e - i. Bal. j. Bal. k. Bal. l. Bal. arnings arnings...

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