complete balance sheet

Awesome Accounting ideas SEO E. 3 ore SO w 20 25 Yachthaway CALE Eary Co Balance Sheet ASSETS Cash Accounts Receivable Supplies TOTAL ASSETS LIABILITIES Accounts Payable TOTAL LIABILITIES SHAREHOLDERS' EQUITY Common Stock Retained Eamings TOTAL SHAREHOLDER'S EQUITY TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY Awesome Accounting Cycle Case Study #1: Easy Co. Easy, Co. Chart of Accounts 4 Revenue 41 Revenue Debit Credit 1 Assets 11 Cash 12 Accounts Receivable 13 Supplies Debit Debit 5 Expenses 51 Espense Debit 2 Liabilities 21 Accounts Payable Credit 3 Stockholders' Equity 31 Common Stock 32 Retained Earnings 33 Dividends Credit Credit Debit 1 Record the following entries of Eawy. Co for the more of May using the Tabular Format May 1 Invested $25,000 cash in exange for Common Stock 3 Paid cash for various expenses 55000 5 Purchased office supplies $2000 on account 17 New credit card arrived by mail with a $100,000 credit limit 20 Revenue earned, 56000. Received $2000 cash, remainder on account 21 Received $1000 cash from customer paying down account 25 Paid S1500 cash to creditor 30 Board of Directors declared and paid cash Dividend $500 31 Office Supplies inventory Adjustments End of Month On Hand Balance $1750 Add up each column placing the balance below the line The equation AL-SE should balance 3 Use each account balance to construct the Income Statement, Retained Earnings Statement and balance Sheet Teacher: There is not an answer key. The students "et" the opportunity to make you one You are welcome :) CASE 1: Easy. Co