5. Premier Pools sold pools to the Lakeside Country Club on account for $22,000. The cost of the pools sold was $12,000. Stmt. of Cash Flows Balance Sheet Income Statement Assets Acct. Receiv. + Inventory + Equip. Liabilities Acct. Unearned Pay. Rev. Stockholders' Equity Common Retained Stock + Earnings Net Cash Revenue Expenses Income Cash Flow 7. Lakeside Country Club paid Premier Pools for their purchase in #5 above. Stmt. of Cash Flows Balance Sheet Income Statement Assets Acct. Receiv. Liabilities Acct. Unearned Pay. Rev. Stockholders' Equity Common Retained Stock Earnings Net Cash Inventory + Equip. = + + Revenue Expenses Income Cash Flow 8. Premier Pools purchased a printer for their office. They charged the $2,000 purchase on account. Stmt. of Cash Flows Income Statement Balance Sheet Assets Liabilities Acct. Acct. Unearne Receiv. Inventory + Equip. Pay. d Rev. Stockholders' Equity Common Retained Stock Earnings Net Income Cash + Revenue Expenses Cash Flow 9. Premier Pools received and paid an $900 electric bill. Stmt. of Cash Flows Balance Sheet Income Statement Assets + Acct. + Receiv. + Inventory + Equip. Liabilities Acct. Unearned Pay. + Rev. Stockholders' Equity Common Retained Stock + Earnings Net Cash + Revenue Expenses Income Cash Flow 10. Premier Pools received a $5,000 deposit from the O'Connor family for a pool that will arrive next month. Stmt. of Cash Flows Balance Sheet Income Statement Assets Acct. + Receiv. + Inventory + Equip. Liabilities Acct. Unearned Pay. + Rev. Stockholders' Equity Common Retained Stock + Earnings Net Income Cash Revenue Expenses = Cash Flow 11. Premier Pools delivered the pool to the O'Connor family from transaction #10 above. The cost of the pool sold was $2,000. Stmt. of Cash Flows Balance Sheet Income Statement Assets Acct. + Receiv. + Inventory + Equip. = Liabilities Acct. Unearned + Rev. Stockholders' Equity Common Retained Stock Earnings Net Income Cash Pay. + + Revenue - Expenses Cash Flow 12. Premier Pools' employees earned $5,000 for hours worked this month. Paychecks will be issued next month. Stmt. of Cash Flows Balance Sheet Income Statement Assets + Acct. + Receiv. + Inventory + Equip. = Liabilities Acct. Salaries Pay. + Pay. Stockholders' Equity Common Retained Stock + Earnings Net Cash + Revenue Expenses Income Cash Flow