Question

Help please

Workshop 5 Problems Student Q Search Sheet E 2 " A OBOU Home Insert Page Layout Formulas Data Review View , Calibri (Body) - 12 - A A Paste B IU A 33 + 3 A12 x f x Accounting Equation A B C D E F G H I J 1 5.4 Accounting Equation & Stock Issue Points: 4 Items 3 points - 12 points Wrap Text Merge & Center - General $ - % Insert * Delete Format 3 ) Sort & Conditional Formet Formatting as Table Cell Styles 2. Filter K L M N O P Q R S T U V W X 4 Directions: Complete the accounting equation based on the information below. 6 Stock Issue Activity 7 aGoofy Company issued 1,000 shares of $10 par common stock for $20,000. 8 b) Goofy Company issued an additional 2,000 shares for $25 a share Goofy Company Accounting Equation Income Statement 14 Event Cash Balance Sheet Assets + Land - - = Revenue - Expense - Net Income Stockholders Equity Common Stock - PIC in Excess $ 10,000 $ 20.000 + 16 a 17 b) 20 Helpful Resources 22 Types of Stock Article 24 Stock Classifications Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 + Ready @ - o- + 100%

Answer 1

• Requirement, as asked

	Assets		Stockholder's equity		Income Statement
	Cash	Land	Common Stock	PIC in excess	Revenues	Expenses	Net Income
a	$20,000		$10,000	$10,000
b	$50,000		$20,000	$30,000

--Working

	Assets		Stockholder's equity		Income Statement
	Cash	Land	Common Stock	PIC in excess	Revenues	Expenses	Net Income
a	20000		=1000*10	=20000-10000
b	=2000*25		=2000*10	=50000-20000