01-5B_9e - g Bal h Bal i Bal j Bal k Bal l Bal = arnings...

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Problem 1-5B 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. 17,200 19,000 3,750 30,000 8,200 25,000 36,750 a. + 50,000 + 50,000 Bal. 67,200 19,000 3,750 30,000 8,200 75,000 36,750 b. Bal. c. Bal. d. Bal. e. Bal.
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Unformatted text preview: g. Bal. h. Bal. 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 1-5B (cont'd) Name: Section: 3. a. SKIVVY DRY CLEANERS Income Statement Dry cleaning sales Expenses: Total expenses Net income b. SKIVVY DRY CLEANERS Statement of Retained Earnings Retained earnings, November 1, 2008 Retained earnings, November 30, 2008 c. SKIVVY DRY CLEAN Balance Sheet Assets Tota Total assets Tota 4. SKIVVY DRY CLEANERS Statement of Cash Flows Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities:...
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