Question: Name: Liabilities Assets Shareholders' Equity Contributed Retained Earnings Capital Common stock liabilities All other (Account) Transaction (Account) Cash $5,000 a $5,000 15,000 15.000 Notes payable
Name: Liabilities Assets Shareholders' Equity Contributed Retained Earnings Capital Common stock liabilities All other (Account) Transaction (Account) Cash $5,000 a $5,000 15,000 15.000 Notes payable (5-year) C (10,000) 10,000 6,500 Land Accounts receivable 6,500 Revenge d 12,000 Revente 12,000 (8,000) 3,500 8.000 (3,600) Land Accounts receivable (2,100) (2,100) Expense (750) Dividends 1 (750) 1. Which transaction (a through 1) above reflects a contribution from owners? 2. Which transactions (a through l) above did the total amount of assets not change? 3. How much is profit for the period (show your work)? 4. The green square (the cash column) would be used to complete which financial statement? 5. The blue square (the entire accounting equation) represents which financial statement? 6. Which transactions (a through i) would be reported under "investing on the cash flow statement? 7. Assuming beginning retained earnings is zero, what is the ending balance in retained earnings
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