5. Premier Pools sold pools to the Lakeside Country Club on account for $22,000. The cost...

  
 

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5. Premier Pools sold pools to the Lakeside Country Club on account for $22,000. The cost of the pools sold was $12,000. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash Receiv. + Inventory + Equip. Pay. Stock Cash Flow Rev. Earnings Revenue Expenses Income %3D 7. Lakeside Country Club paid Premier Pools for their purchase in #5 above. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash Receiv. Inventory + Equip. = Pay. Rev. Stock Earnings Revenue Expenses Income Cash Flow + %3D 8. Premier Pools purchased a printer for their office. They charged the $2,000 purchase on account. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity %3D Acct. Acct. Unearne Common Retained Net Cash Receiv. Inventory + Equip. Pay. d Rev. Stock Earnings Revenue Expenses Income Cash Flow 9. Premier Pools received and paid an $900 electric bill. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash + Receiv. + Inventory + Equip. Pay. Rev. Stock Earnings Revenue Expenses Income Cash Flow %3D 10. Premier Pools received a $5,000 deposit from the O'Connor family for a pool that will arrive next month. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash + Receiv. + Inventory + Equip. Pay. Rev. Stock Earnings Revenue Expenses Income Cash Flow + + %3D 11. Premier Pools delivered the pool to the O'Connor family from transaction #10 above. The cost of the pool sold was $2,000. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash + Receiv. + Inventory + Equip. = Pay. Rev. Stock Earnings Revenue - Expenses Income Cash Flow + %3D 12. Premier Pools' employees earned $5,000 for hours worked this month. Paychecks will be issued next month. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Salaries Common Retained Net Cash + Receiv. + Inventory + Equip. = Pay. Pay. Stock Earnings Revenue Expenses Income Cash Flow + + + %3D 5. Premier Pools sold pools to the Lakeside Country Club on account for $22,000. The cost of the pools sold was $12,000. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash Receiv. + Inventory + Equip. Pay. Stock Cash Flow Rev. Earnings Revenue Expenses Income %3D 7. Lakeside Country Club paid Premier Pools for their purchase in #5 above. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash Receiv. Inventory + Equip. = Pay. Rev. Stock Earnings Revenue Expenses Income Cash Flow + %3D 8. Premier Pools purchased a printer for their office. They charged the $2,000 purchase on account. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity %3D Acct. Acct. Unearne Common Retained Net Cash Receiv. Inventory + Equip. Pay. d Rev. Stock Earnings Revenue Expenses Income Cash Flow 9. Premier Pools received and paid an $900 electric bill. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash + Receiv. + Inventory + Equip. Pay. Rev. Stock Earnings Revenue Expenses Income Cash Flow %3D 10. Premier Pools received a $5,000 deposit from the O'Connor family for a pool that will arrive next month. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash + Receiv. + Inventory + Equip. Pay. Rev. Stock Earnings Revenue Expenses Income Cash Flow + + %3D 11. Premier Pools delivered the pool to the O'Connor family from transaction #10 above. The cost of the pool sold was $2,000. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Unearned Common Retained Net Cash + Receiv. + Inventory + Equip. = Pay. Rev. Stock Earnings Revenue - Expenses Income Cash Flow + %3D 12. Premier Pools' employees earned $5,000 for hours worked this month. Paychecks will be issued next month. Stmt. of Balance Sheet Income Statement Cash Flows Assets Liabilities Stockholders' Equity Acct. Acct. Salaries Common Retained Net Cash + Receiv. + Inventory + Equip. = Pay. Pay. Stock Earnings Revenue Expenses Income Cash Flow + + + %3D

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