AutoSave m H B Cordelia Jackson C File Home Insert Calibri BIU Draw 12 - - Workshop 4 Problem: Student - Excel Search Page Layout Formulas Data Review View Help - A A == Wrap Text General -A- Merge & Center - $ -% ZY 247 ! Insert Delete Format Sort & F Conditional Format as Cell Formatting Table Styles Styles o Filters Clipboard is Font Alignment Number Editing G11 T M N O P Q A B C D E F G H I J 2. Directions: Complete the accounting equation and questions below with the information provided R 5 6 4 Background Information: 1 The company started when it acquired $55,000 cash issuing common stock 2 Purchased a new industrial oven that cost $35,000 cash 3 Earned $75,000 in cash revenue 8 4 Paid $30,000 cash for salaries Expense 5 Adjustment for use of industrial oven. Purchased on January 2, 2018 with a useful life of 4 years and salvage value of $4,000 Straight line Depreciation was used of the entry on December 31, 2018 9 10 Income Statement 12 a) Compete the accounting equation Goofy Company Accounting Equation Balance Sheet Event Assets Accumulated Cash + Equipment Depreciation S55,000 (35,000) 75,000 (30,000) Stockholders Equity Common Stock + Retained Earnings Revenue Expense Net Income Problem 4.1 Problem 4.2 Problem 43 Problem 4.4 Problem 4,5 Problem 4. 6 0 Type here to search