Event Cash Flow Assets Claims Income Statement OA/IA/FA Cash + Supplies stock + Fixed asset = Note payable + Bank loan short term + Accounts payable + Common Stock + Retained Earnings Revenue - Expense = Net Income a FA 75,000 + + = + + + 75,000 + - = b OA (5,000) + 5,000 + = + + + + - = c IA (10,000) + + 80,000 = 70,000 + + + + - = d OA 27,000 + + = + 27,000 + + + - = e FA (3,500) + + = + + + + (3,500) - = f OA 17,000 + + = + + + + 17,000 - = 17,000 g OA (4,000) + + = + + + + - 4,000 = (4,000) h OA + 1,000 + = + + 1,000 + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - = 96,500 + 6,000 + 80,000 = 70,000 + 27,000 + 1,000 + 75,000 + (3,500) 17,000 - 4,000 = 13,000 Solution Event Cash Flow Assets Claims Income Statement OA/IA/FA Cash + Supplies stock + Fixed asset = Note payable + Bank loan short term + Accounts payable + Common Stock + Retained Earnings Revenue - Expense = Net Income a FA 75,000 + + = + + + 75,000 + - = b OA (5,000) + 5,000 + = + + + + - = c IA (10,000) + + 80,000 = 70,000 + + + + - = d OA 27,000 + + = + 27,000 + + + - = e FA (3,500) + + = + + + + (3,500) - = f OA 17,000 + + = + + + + 17,000 - = 17,000 g OA (4,000) + + = + + + + - 4,000 = (4,000) h OA + 1,000 + = + + 1,000 + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - = 96,500 + 6,000 + 80,000 = 70,000 + 27,000 + 1,000 + 75,000 + (3,500) 17,000 - 4,000 = 13,000.

1. Event Cash Flow Assets Claims Income Statement OA/IA/FA Cash + Supplies stock +
Fixed asset = Note payable + Bank loan short term + Accounts payable + Common Stock +
Retained Earnings Revenue - Expense = Net Income a FA 75,000 + + = + + + 75,000
+ - = b OA (5,000) + 5,000 + = + + + + - = c IA (10,000) + + 80,000 =
70,000 + + + + - = d OA 27,000 + + = + 27,000 + + + - = e FA
(3,500) + + = + + + + (3,500) - = f OA 17,000 + + = + + + + 17,000 - =
17,000 g OA (4,000) + + = + + + + - 4,000 = (4,000) h OA + 1,000 + = + +
1,000 + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - =
+ + = + + + + - = + + = + + + + - = 96,500 + 6,000 + 80,000 =
70,000 + 27,000 + 1,000 + 75,000 + (3,500) 17,000 - 4,000 = 13,000
Solution
Event Cash Flow Assets Claims Income Statement OA/IA/FA Cash + Supplies stock +
Fixed asset = Note payable + Bank loan short term + Accounts payable + Common Stock +
Retained Earnings Revenue - Expense = Net Income a FA 75,000 + + = + + + 75,000
+ - = b OA (5,000) + 5,000 + = + + + + - = c IA (10,000) + + 80,000 =
70,000 + + + + - = d OA 27,000 + + = + 27,000 + + + - = e FA
(3,500) + + = + + + + (3,500) - = f OA 17,000 + + = + + + + 17,000 - =
17,000 g OA (4,000) + + = + + + + - 4,000 = (4,000) h OA + 1,000 + = + +
1,000 + + - = + + = + + + + - = + + = + + + + - = + + = + + + + - =
+ + = + + + + - = + + = + + + + - = 96,500 + 6,000 + 80,000 =
70,000 + 27,000 + 1,000 + 75,000 + (3,500) 17,000 - 4,000 = 13,000