Cash Assets | + | Supplies | = | Accounts payable | + | Common stock | + | Retained earnings | Revenue | - | Expenses | = | Net Income | Statement of cash flows | ||
Beg. Bal. | 2500 | + | = | + | 1400 | + | 1100 | - | = | NC | ||||||
1 | + | $ 3,600 | = | $ 3,600 | + | + | - | = | 0 | NC | ||||||
2 | $ 12,300 | + | = | + | + | $ 12,300 | $ 12,300 | - | = | $ 12,300 | $ 12,300 | OA | ||||
3 | $ -2,700 | + | = | $ -2,700 | + | + | - | = | $ -2,700 | OA | ||||||
4 | + | $ -3,350 | = | + | + | $ -3,350 | - | $ 3,350 | = | $ -3,350 | 0 | NC | ||||
Totals | $ 12,100 | + | $ 250 | = | $ 900 | + | $ 1,400 | + | $ 10,050 | $ 12,300 | - | $ 3,350 | = | $ 8,950 | $ 9,600 | NC |
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 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 $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,...
Pizza Express Inc. began the Year 2 accounting period with $7,000 cash, $4,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following accounting events during Year 2: a. Purchased $10,500 of supplies on account. b. Earned and collected $21,000 of cash revenue. c. Paid $9,000 cash on accounts payable. d. Adjusted the records to reflect the use of supplies. A physical count indicated that $3,000 of supplies was still on hand on December 31,...
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. How much...
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 $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,...
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 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...