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CI Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained ear
Check my Required Show the effects of the events on the financial statements using a horizontal statements model given below.
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Answer #1
Pizza Express
Assets = Liabilities Stockholder's Equity
Income Statement
Cash + Supplies + Accnts Payable + Common Stock + Retained Earnings Revenue - Exp = Net Income Statement of Cash Flow
Bal. 2500 1400 1100
1 3600 3600 -3600 OA
2 12300 12300 12300 0 12300 12300 OA
3 -2700 -2700 -2700 OA
4 -3350 -3350 -3350 -3350 NA
Total 12100 250 900 1400 10050 12300 -3350 8950 6000
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