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2. Prepare an expanded accounting equation worksheet for the Zeon Company to show the effect of the following transactions on the given dates - our
2. Prepare an expanded accounting equation worksheet for the Zeon Company to show the effect of the following transactions on the given dates - our accounting period is January: - January 2 Investment of $75,000 in cash into the business by stockholders. - January 4 Paid $10,000 in cash toward a building whose total cost is $90,000 with the rest being borrowed from the bank to be paid back in 5 years. - January 10 Bought inventory on credit for $4,600 - January 14 Paid cash wages to employees who worked in January for the business for $850. - January 21 Sold merchandise for $3,200 in cash. This merchandise (inventory) originally cost $1,540. - January 30 Received a bill from the utilities company for $290 for utilities used during January that will be due in February. - January 31 Paid cash dividends of $50 to stockholders. 3. Prepare the income statement, statement of stockholders equity, balance sheet and cash flow statement for the month of January for Zeon
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