Business, 26.01.2021 02:30 gunnatvinson
Pizza Express Inc. began the Year 2 accounting period with $9,000 cash, $6,000 of common stock, and $3,000 of retained earnings. Pizza Express was affected by the following accounting events during Year 2:.
1. Purchased $11,000 of supplies on account.
2. Earned and collected $28,000 of cash revenue.
3. Paid $9,500 cash on accounts payable.
4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,600 of supplies was still on hand on December 31, Year 2.
Answers: 2
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Pizza Express Inc. began the Year 2 accounting period with $9,000 cash, $6,000 of common stock, and...
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