Acct HW 2 - + RE REV-EXP = Net Income 1 11,000 = NA +...

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Event Assets = Liabil ity + Stockh olders’ Equity Cash + Supplies = Accts. Pay + Un ear n. Re v. + Ret. Earn. Rev. - Ex p. = N e t I n c . Cash Flow 1 NA + 1,200 = 1,200 + NA + NA NA - N A = N A NA 2 18,000 + = + 18, 000 + NA - N A = N A 18,000 OA 3 66,000 + = + + 66,000 66,00 0 - = 6 6 , 0 0 0 66,000 OA 4 (20,500) + = + + (20,500) - (2 0,5 00 ) = ( 2 0 , (20,500) OA
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5 0 0 ) 5 (5,000) + = + + (5,000) - = (5,000) FA 6 (900) + = (900) + + - = (900) OA 7 + (1,075) = + + (1,075) - (1, 07 5) = ( 1 , 0 7 5 ) NA 8 + = + (16 ,50 0) + 16,500 16,50 0 - = 1 6 , 5 0 0 NA TOTA 57,600 + 125 = 300 + 1,5 + 55,925 82,50 - 21, = 6 NC
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L 00 0 57 5 0 , 9 2 5 (2-2A) Even t Bala nce Shee t Inco me State ment Statement of Cash Flows Cash = N.P ay + CS
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Unformatted text preview: + RE REV-EXP = Net Income 1 11,000 = NA + 11,000 + NA NA-NA = NA 11,000 FA 2 18,000 = + + 18,000 18,000-NA = 18,000 18,000 O A 3 (10,500) = + + (10,500) NA-10,500 = (10,500) (10,500) O A 4 (1,000) = + + (1,000)-= (1,000) FA TOTA L 17,500 = + 11,000 + 6,500 18,000-10,500 = 7,500 17,500 N C (1-23A)...
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Acct HW 2 - + RE REV-EXP = Net Income 1 11,000 = NA +...

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