## Answers

Event Pizza Express Inc. Effect of events on Financial Statements for Year 2 Balance Sheet Income Statement Assets = Liabilities + Stockholders' Equity Revenue - Expense = Net Income Statement of Cash Flows Accounts. Common Retained Cash + Supplies = Payable Stock Earnings $9,500 + + $7,500 + $2,000 + $12,500 = $12,500 + + $0 NA $24,000 + $24,000 $24,000 - = $24,000 $24,000 OA -$11,000 + = -$11,000 + $11,000 OA $9,900 -$9,900 $9,900 -$9,900 $0 NA $22,500 + $2,600 = $1,500 + $7,500 + $16,100 $24,000 - $9,900 = $14,100 $13,000 NC Beg. Bal WNA Totals

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