3 Spreadsheet hint: If a shaded cell has no entry, leave it blank. 4 5 a. Kassi invested $600,000 cash in the caf. 6 7 Cash Owners' Equity 8 9 10 11 b. Kassi purchased a $3,500 in food, all of which is to be paid next 12 month (accounts payable). 13 14 15 16 Food Inventory Accounts Payable 17 + 18 19 C. Kassi generated $10,000 in revenue, all received in cash. 20 21 Cash Revenue 22 23 24 25 d. Kassi paid her employees $3,600 this month with payroll checks 26 (cash account). 27 28 Cash Salaries and Wages 29 30 31 32 33 34 35 36 37 B D E F G H 1 Chapter 2, Question 6 2 3 a. Adam invested $5,000,000 cash in the motel. 4 5 Cash Owners' Equity 6 7 8 9 10 b. Adam purchased a $50,000 POS system with $5,000 cash and incurred S45,000 in notes payable. 11 12 Cash POS System Notes Payable 13 14 15 16 17 c. Adam generated $75,000 in revenues with $52,000 cash and $23,000 accounts receivable. 18 19 Cash Accounts Receivable 20 Revenues 21 Utilities Expense 22 23 24 d. Adam paid utilities of $750 in cash. 25 26 Cash 27 28 29 30 31 32 33 +