19:33 Azman Aly .. Homework.. time left: 38:22 minutes) --21 01 previous page next page end of completion Last saved: 19:32:10 Describe the effect of the economic events in the reference year on the balance sheet and the profit or loss statement! Use the blanket I uploaded to CooSpace, then answer the questions! Enter a value without spaces and other punctuation! For example: 1234567 If there is a negativ value, mark it this way: -100 (No space!) You are familiar with the following information about the current economic events of "HW2/1" Ltd.: Opening Balance Sheet 3000 Cash 600 Subscribed capital Cash at bank2400 Assets total 3000 Stockholders equity + Liabilities total 3000 Current transactions: 1. The company purchased goods for cash. The purchase price of the goods is 500 2. Money withdrawal from bank deposit in amount of 400. 3. The company sells goods of a value of 200 to its partner for 250 in cash. 750 600 Questions: 1. Balance sheet value of goods 2. Balance sheet value of cash 3. Balance sheet value of cash at bank 2400 4. Cost of goods sold 5. Profit or loss of the period U