Question: Chapter 3 Homework Assignmen C https:/ewconnect.mheducati : Apps DUT Discover DMyUT Email MyUT UTAD Account Blackboard Leam e My Drive-Google D Chegg FAFSA a Free

 Chapter 3 Homework Assignmen C https:/ewconnect.mheducati : Apps DUT Discover DMyUTEmail MyUT UTAD Account Blackboard Leam e My Drive-Google D Chegg FAFSA

Chapter 3 Homework Assignmen C https:/ewconnect.mheducati : Apps DUT Discover DMyUT Email MyUT UTAD Account Blackboard Leam e My Drive-Google D Chegg FAFSA a Free Online Courses Everfi Login D Ranking the screeni Chapter 3 Homework Assignment 6 Saved Help Save & Exit Submit 2 my work Pizza Express Inc. began the Year 2 accounting period with $9,500 cash, $8,000 of common stock, and $1,500 of retained earnings. Pizza Express was affected by the following accounting events during Year 2 2.5 points 1. Purchased $11,500 of supplies on account. 2. Earned and collected $27,000 of cash revenue 3. Paid $10,000 cash on accounts payable 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2.400 of supplies was still on hand on eBook December 31, Year 2 Print Required a. Show the effects of the events on the financial statements using a horizontal statements model given below. In the Statement of Cash Flows column, use OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change in cash and NA to indicate accounts not affected by the event. The beginning balances have been recorded as an example. (Enter any decreases to account balances and cash outflows with a minus sign.) PIZZA EXPRESS IN Effect of Events on Financial Statements for Year 2 Balance Sheet Income Statement Event Assets LiabilitiesStockholders Equity RevenueExpenseNet Income Statement of Cash Flows Prey 10f 4 Next O Type here to search 9:37 AM 2/5/2019 4 Chapter 3 Homework Assignme C https:/ewconnect.mheducati : Apps DUT Discover DMyUT Email MyUT UTAD Account Blackboard Leam e My Drive-Google D Chegg FAFSA a Free Online Courses Everfi Login D Ranking the screeni Chapter 3 Homework Assignment 6 Saved Help Save & Exit Submit 2 Check my work and NA to indicate accounts not affected by the event. The beginning balances have been recorded as an example. (Enter any decreases to account balances and cash outflows with a minus sign.) PIZZA EXPRESS IN 2.5 points Effect of Events on Financial Statements for Year 2 Balance Sheet Income Statement Event Assets LiabilitiesStockholders Equity RevenueExpenseNet Income Statement of Cash eBook Flows Cash SuppliesAccounts able Commor Retained Print Beg. bal 9,500 + 8,000+ 1,500 NA Totals Prey 10f 4 Next O Type here to search 9:37 AM 2/5/2019 4

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!