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1-3. Complete the t-accounts below using the transactions listed (1.5 pts). 4. Calculate the ending balance of each account (.5 pts). styx. issues a $1,000
1-3. Complete the t-accounts below using the transactions listed (1.5 pts). 4. Calculate the ending balance of each account (.5 pts). styx. issues a $1,000 bond in order to raise cash styx. issues $5,000 in stocks to raise cash styx. spends $2,400 of its cash to purchase a new tuning machine Cash Debits Credits $7,500 Bonds Debits Credits Equity Debits Credits $2,000 $6,000 Equipment Debits Credits $500 5. Complete the Accounting Equation below (-5 pts). 6. Circle the mathematical functions that complete the accounting equation (.5 pts). Assets: +/- / = Liabilities: +/-/= Owners Equity
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