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5. Cash: $7,000. Accounts receivable amount to 4.0 turns (accounts receivable turnover will be 4.0 show 3.0 turns (inventory turnover will be 3.0). No stock

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5. Cash: $7,000. Accounts receivable amount to 4.0 turns (accounts receivable turnover will be 4.0 show 3.0 turns (inventory turnover will be 3.0). No stock will be issued. Retained earnings are to e Additional financing of $5,000 will be long-term. Add remaining amount needed to balance into a

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