Answers
- Requirement, as asked
| Assets | Stockholder's equity | Income Statement | |||||
| Cash | Land | Common Stock | PIC in excess | Revenues | Expenses | Net Income | |
| a | $20,000 | $10,000 | $10,000 | ||||
| b | $50,000 | $20,000 | $30,000 | ||||
--Working
| Assets | Stockholder's equity | Income Statement | |||||
| Cash | Land | Common Stock | PIC in excess | Revenues | Expenses | Net Income | |
| a | 20000 | =1000*10 | =20000-10000 | ||||
| b | =2000*25 | =2000*10 | =50000-20000 | ||||
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