- Accounts Receivable Accounts Payable Font S Are 110 Agribusiness Accounting Summer 2022 The Balance Sheet Items For Al 1 (159.76 KiB) Viewed 45 times
- Accounts Receivable Accounts Payable Font S Are 110 Agribusiness Accounting Summer 2022 The Balance Sheet Items For Al 2 (177.2 KiB) Viewed 45 times
- Accounts Receivable Accounts Payable Font S Are 110 Agribusiness Accounting Summer 2022 The Balance Sheet Items For Al 3 (183.11 KiB) Viewed 45 times
- Accounts Receivable Accounts Payable Font S Are 110 Agribusiness Accounting Summer 2022 The Balance Sheet Items For Al 4 (165.04 KiB) Viewed 45 times
b. On August 8th, additional capital stock was sold for $40,000 cash. Please indicate what balance sheet items will be affected and how they will be affected. Fill the blanks and circle the correct effect (increase or decrease). C. increase/decrease increase/decrease e. by $ by $ On August 8th, the business has paid the accounts payable in full. Please indicate what balance sheet items will be affected and how they will be affected. Fill the blanks and circle the correct effect (increase or decrease). increase/decrease by $ increase/decrease by $ d. On August 12th, a new pizza oven was purchased at a cost of $8,000 to be paid within 25 days. Please indicate what balance sheet items will be affected and how they will be affected. Fill the blanks and circle the correct effect (increase or decrease). increase/decrease by $ increase/decrease by $ On August 12th, new supplies (pizza cutters and boxes) were purchased for $2,200 cash from a restaurant supply center that was going out of business. Please indicate what balance sheet items will be affected and how they will be affected. Fill the blanks and circle the correct effect (increase or decrease). increase/decrease by $ increase/decrease by $
Cash f. Please update the balance sheet for August 15, 2022. Include a proper heading and organize same, but you need your balance sheet following the GAAPS format. (Hint: The items are the to update their dollar amount using the information from part b to e) Assets Total Assets $ $ AL'S PIZZA SHOP Balance Sheet Liabilities: Notes payable Total liabilities Owners' equity: Retained Earnings Total owners' equity Total Liabilities & Owners' equity $ $ $ $
g. Prepare a statement of cash flows for August 1-15. You are to classify the payment of accounts payable and the purchase of supplies as operating activities and sale of capital stock as financing activities for the cash flow statement. (Hint: Fill the cells with green shade) AL'S PIZZA SHOP Statement of Cash Flows For the Period August 1-15, 2022 Cash flows from operating activities: Cash used in operating activities Cash flows from investing activities: None Cash flows from financing activities: Increase in cash Cash balance, August 1, 2022 Cash balance, August 15, 2022 $ $ $ $ $