Homework Answers
| Effect of Events on the Financial Statements- Pizza Expense | |||||||||||||||
| Assets | = | Liabilities | + | Stockholders' Equity | Income Statement | Statement of Cash Flow | |||||||||
| Events | Cash | + | Supplies | = | Accounts Payable | + | Common Stock | + | Retained Earnings | Revenue | - | Expense | = | Net Income | |
| Beg. Bal. | $7,000.00 | + | = | + | $4,500.00 | + | $2,500.00 | ||||||||
| a. | + | $10,500.00 | = | $10,500.00 | + | + | OA | ||||||||
| b. | $21,000.00 | + | = | + | + | 21000 | OA | ||||||||
| c. | -$9,000.00 | + | = | -$9,000.00 | + | + | OA | ||||||||
| d. | + | -$7,500.00 | = | + | + | 7500 | OA | ||||||||
| 13500 | 13500 | ||||||||||||||
| End. Bal. | $19,000.00 | + | $3,000.00 | = | $1,500.00 | + | $4,500.00 | + | $16,000.00 |
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Pizza Express Inc. began the Year 2 accounting period with $7,000 cash, $4,500 of common stock,...
Pizza Express Inc. began the 2018 accounting period with $7,500 cash, $4,500 of common stock, and...
Pizza Express Inc. began the 2018 accounting period with $7,500 cash, $4,500 of common stock, and $3.000 of retained earnings. Pizza Express was affected by the following accounting events during 2018 1. Purchased $12.500 of supplies on account 2. Earned and collected $27,000 of cash revenue 3. Paid $11,000 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,600 of supplies was still on hand on December 31, 2018 Required...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash $1,400 of common stock,...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash $1,400 of common stock, and $1,100 of retained earnings, Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31,...
Pizza Express Inc, began the Year 2 accounting period with $10,000 cash. $7,500 of common stock,...
Pizza Express Inc, began the Year 2 accounting period with $10,000 cash. $7,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $12,000 of supplies on account. 2. Earned and collected $21,000 of cash revenue. 3. Paid $10,500 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,300 of supplies was still on hand on December 31,...
correct this: Pizza Express Inc. began the 2016 accounting period with $9,000 cash, $6,500 of common stock, and $2,500...
correct this:
Pizza Express Inc. began the 2016 accounting period with $9,000 cash, $6,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following acCcounting events during 2016: 1. Purchased $10,500 of supplies on account. 2. Earned and collected $28,000 of cash revenue. 3. Paid $9,000 cash on accounts payable. 4. Adjusted the records toeor 31 2016 was still supplies. A physical count indicated that $3,000 of supplies hand on December Required a. Show the...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock,...
Pizza Express Inc.
began the Year 2 accounting period with $2,500 cash, $1,400 of
common stock, and $1,100 of retained earnings. Pizza Express was
affected by the following accounting events during Year
2:
Purchased $3,600 of supplies on account.
Earned and collected $12,300 of cash revenue.
Paid $2,700 cash on accounts payable.
Adjusted the records to reflect the use of supplies. A physical
count indicated that $250 of supplies was still on hand on December
31, Year 2.
Required
a....
CI Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common...
CI Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $3,600 of supplies on account 2. Earned and collected $12.300 of cash revenue 3. Paid $2700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December...
Pizza Express Inc. began the year 2 accounting period with $9,500 cash, $7,500 of common stock,...
Pizza Express Inc. began the year 2 accounting period with $9,500
cash, $7,500 of common stock, and $2,000 of retained earnings.
Pizza Express was affected by the following accounting events
during year 2:
1. Purchased $12,500 of supplies on account.
2. Earned and collected $24,000 of cash revenue.
3. Paid $11,000 cash on accounts payable.
4. Adjusted the records to reflect the use of supplies. A
physical count indicated thag $2,600 of supplies was still on hand
on December 31,...
Pizza Express Inc. began the year 2 accounting period with $9,500 cash, $7,500 of common stock,...
Pizza Express Inc. began the year 2 accounting period with $9,500
cash, $7,500 of common stock, and $2,000 of retained earnings.
Pizza Express was affected by the following accounting events
during year 2:
1. Purchased $12,500 of supplies on account.
2. Earned and collected $24,000 of cash revenue.
3. Paid $11,000 cash on accounts payable.
4. Adjusted the records to reflect the use of supplies. A
physical count indicated thag $2,600 of supplies was still on hand
on December 31,...
mancar statements model LO 2-5 Pizza Express Inc began the Year 2 accounting period with $9.500...
mancar statements model LO 2-5 Pizza Express Inc began the Year 2 accounting period with $9.500 cash, $7500 of common stock, and $2.000 of retained eamings Pizza Express was affected by the following accounting events during Year 2 a. Purchased S10.500 of supplies on account b. Earned and collected $24.000 of cash revenue C. Paid $9000 cash on accounts payable d. Adjusted the records to reflect the use of supplies A physical count indicated that $2.900 of supplies was still...
Pizza Express Inc. began the 2018 accounting period with $2,500 cash, $1,400 of common stock, and...
Pizza Express Inc. began the 2018 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during 2018: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31, 2018. Required...
Pizza Express Inc. began the 2018 accounting period with $7,500 cash, $4,500 of common stock, and $3.000 of retained earnings. Pizza Express was affected by the following accounting events during 2018 1. Purchased $12.500 of supplies on account 2. Earned and collected $27,000 of cash revenue 3. Paid $11,000 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,600 of supplies was still on hand on December 31, 2018 Required...
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash $1,400 of common stock, and $1,100 of retained earnings, Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31,...
Pizza Express Inc, began the Year 2 accounting period with $10,000 cash. $7,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $12,000 of supplies on account. 2. Earned and collected $21,000 of cash revenue. 3. Paid $10,500 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,300 of supplies was still on hand on December 31,...
correct this:
Pizza Express Inc. began the 2016 accounting period with $9,000 cash, $6,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following acCcounting events during 2016: 1. Purchased $10,500 of supplies on account. 2. Earned and collected $28,000 of cash revenue. 3. Paid $9,000 cash on accounts payable. 4. Adjusted the records toeor 31 2016 was still supplies. A physical count indicated that $3,000 of supplies hand on December Required a. Show the...
Pizza Express Inc.
began the Year 2 accounting period with $2,500 cash, $1,400 of
common stock, and $1,100 of retained earnings. Pizza Express was
affected by the following accounting events during Year
2:
Purchased $3,600 of supplies on account.
Earned and collected $12,300 of cash revenue.
Paid $2,700 cash on accounts payable.
Adjusted the records to reflect the use of supplies. A physical
count indicated that $250 of supplies was still on hand on December
31, Year 2.
Required
a....
CI Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during Year 2: 1. Purchased $3,600 of supplies on account 2. Earned and collected $12.300 of cash revenue 3. Paid $2700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December...
Pizza Express Inc. began the year 2 accounting period with $9,500
cash, $7,500 of common stock, and $2,000 of retained earnings.
Pizza Express was affected by the following accounting events
during year 2:
1. Purchased $12,500 of supplies on account.
2. Earned and collected $24,000 of cash revenue.
3. Paid $11,000 cash on accounts payable.
4. Adjusted the records to reflect the use of supplies. A
physical count indicated thag $2,600 of supplies was still on hand
on December 31,...
Pizza Express Inc. began the year 2 accounting period with $9,500
cash, $7,500 of common stock, and $2,000 of retained earnings.
Pizza Express was affected by the following accounting events
during year 2:
1. Purchased $12,500 of supplies on account.
2. Earned and collected $24,000 of cash revenue.
3. Paid $11,000 cash on accounts payable.
4. Adjusted the records to reflect the use of supplies. A
physical count indicated thag $2,600 of supplies was still on hand
on December 31,...
mancar statements model LO 2-5 Pizza Express Inc began the Year 2 accounting period with $9.500 cash, $7500 of common stock, and $2.000 of retained eamings Pizza Express was affected by the following accounting events during Year 2 a. Purchased S10.500 of supplies on account b. Earned and collected $24.000 of cash revenue C. Paid $9000 cash on accounts payable d. Adjusted the records to reflect the use of supplies A physical count indicated that $2.900 of supplies was still...
Pizza Express Inc. began the 2018 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. Pizza Express was affected by the following accounting events during 2018: 1. Purchased $3,600 of supplies on account. 2. Earned and collected $12,300 of cash revenue. 3. Paid $2,700 cash on accounts payable. 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31, 2018. Required...
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