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4. Unlimited Fun paid Office Oracle for the purchase in transaction #3. Balance Sheet Income Statement Stmt. of Cash Flows Assets = Liabilities +

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4. Unlimited Fun paid Office Oracle for the purchase in transaction #3. Balance Sheet Income Statement Stmt. of Cash Flows Assets = Liabilities + Acct. Acct. Salaries Common Stockholders' Equity Retained Net Cash + Receiv. + Supplies + Equip. = Pay. + Pay. + Stock + Earnings Revenue Expenses = Income Cash Flow 5. Unlimited Fun hired Lindsey as a store manager. She will earn $20 per hour and starts work next week. Balance Sheet Income Statement Stmt. of Cash Flows Assets = Liabilities + Acct. Acct. Salaries Cash + Receiv. +Supplies +Equip. = Pay. + Pay. Stockholders' Equity Common Retained + Stock + Earnings Net Revenue Expenses = Income Cash Flow 6. Lindsey worked 40 hours and will be paid at the end of the month. (Ignore payroll taxes) Balance Sheet Income Statement Stmt. of Cash Flows Assets Liabilities + Stockholders' Equity Acct. Acct. Cash +Receiv. +Supplies + Equip. = Salaries Pay. + Pay. + Common Stock Retained Net + Earnings Revenue - Expenses = Income Cash Flow

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