orlichop 3 Problem: Students version 1. AutoRecovered AutoSave 20 Data Formulas View Review Help File Page Layout Home Draw Insert MO General 12 Calibri as Wrap Text - A A Insert Delete Paste $ % 9 Merge & Center a A- B 1 Conditional Format as Cell Formatting Table Styles Styles Cells Number Alignment Font Clipboard M19 fo M K P 0 F B C D E 1 5.4 Accounting Equation & Stock Issue 2 G H J Points: 4 items @ 3 points = 12 points 3 4 Directions: Complete the accounting equation based on the information below. 5 6 Stock Issue Activity 7 a)Goofy Company issued 1,000 shares of $10 par common stock for $20,000. 8 b) Goofy Company issued an additional 2,000 shares for $25 a share 9 10 Goofy Company Accounting Equation Income Statement Revenue Expense = Net Income + Stockholders Equity Common Stock + PIC in Excess 10,000 S 10,000 $ 20,000 + $ 30,000 is 11 12 13 Balance Sheet 14 Event Assets 15 Cash Land 16 a) $ 20,000 + 1 $ 50,000 + 18 19 20 Helpful Resources 21 + Problem 5.6 Problem 5.5 Problem 5.1 Proble5.4 Problem 5.3 Problem 5.2 Ready