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Business, 23.04.2020 21:26 brennae8529

Pizza Express Inc. began the 2018 accounting period with $8,000 cash, $5,500 of common stock, and $2,500 of retained earnings. Pizza Express was affected by the following accounting events during 2018: Purchased $10,000 of supplies on account. Earned and collected $24,000 of cash revenue. Paid $8,500 cash on accounts payable. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,800 of supplies was still on hand on December 31, 2018. Show the effects of the events on the financial statements using a horizontal statements model given below

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Pizza Express Inc. began the 2018 accounting period with $8,000 cash, $5,500 of common stock, and $2...
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