E 4 - E 4-56 (page 179) 1. (a)

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Unformatted text preview: E 4-56 (page 179) 1. (a) Inventory........................................................................ 80,000 Accounts Payable...................................................... 80,000 (b) Cash.............................................................................. 10,000 Capital Stock............................................................. 10,000 (c) Cash.............................................................................. 80,000 Accounts Receivable..................................................... 100,000 Sales Revenue.......................................................... .....................................................................180,000 Cost of Goods Sold........................................................ 100,000 Inventory.................................................................... .....................................................................100,000 (d) Notes Payable............................................................... 35,000 Interest Expense............................................................ 7,000 Cash.......................................................................... 42,000 (e) Cash.............................................................................. 105,000 Accounts Receivable................................................. .....................................................................105,000 (f) Accounts Payable.......................................................... 95,000 Cash..........................................................................Cash....
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This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.

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E 4 - E 4-56 (page 179) 1. (a)

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