3 The following balance sheet information is given for Solar, Inc., at June 30, 2015: Supplies Accounts Payable Cash Equipment $ 14,000 10,000 10,000 156,000 Assume that, during the next three days, the following transactions occurred: July 1 Paid off $5,000 of accounts payable. 2 3 Accounts Receivable Common Stock Retained Eamings Notes Payable Purchased equipment for $25,000 and gave a note payable for the amount due. Declared and paid a cash dividend, $4,000. Part 1) What is the amount of retained earnings on June 30, 2015? 220000 QUESTION 4 Part 2) Journalize the transaction on July 1 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial P QUESTION 5 Part 3) Journalize the transaction on July 2 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial $ 34,000 125,000 ? 28,000 10pt A v v 10pt !!! A Tx %6 Ix 10 points Saved 10 points Save Answer 0 WORDS POWERED BY TINY 10 points Save Answer QUESTION 4 Part 2) Journalize the transaction on July 1 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial P QUESTION 5 Part 3) Journalize the transaction on July 2 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIParagraph Arial P QUESTION 6 Part 4) Journalize the transaction on July 3 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIParagraph Arial P 10pt 10pt III > !!! III III N Ix A Ix K 10pt A Ix K 952 Part 3) Journalize the transaction on July 2 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIU Paragraph Arial P QUESTION 6 Part 4) Journalize the transaction on July 3 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS P Paragraph Arial 10pt 10pt !!! A I. * 0 !!! III !!! A TX QUESTION 7 Part 5) If a balance sheet is prepared on July 3, what amount of total assets would appear? Part 6) If a balance sheet is prepared on July 3, what amount of total liabilities would appear? Part 7) If a balance sheet is prepared on July 3, what amount of total shareholders' equity would appear? K 6