Best Ever, Inc. provides loyalty rewards to its customers. Best Ever, Inc. analyzed its liabilities associated with customer rewards and discovered that the amount of estimated future economic sacrifices totaled $990,000 as of March 31, 2020. The unadjusted general ledger as of the end of March 31, shows a liability balance related to customer rewards in the amount of $700,000, leaving $290,000 remaining to record.

Assets	=	Liabilities	+	Stockholders Equity

Recording Economic Events - Please do indicate the Account, Amount and Direction (+ or -) These last four problems require no calculations. Record the economic event on the accounting equation by providing the account, amount and a + or - sign. A plus (+) sign indicates an increase. A minus (-) sign indicates a decrease. If the column is left blank, that indicates, no effect. Please look at these two examples for how to show your answer. Example 1: Mocha-Cola purchases sugar in the amount of $60,000. Record the purchase. + Stockholders' Equity Assets Inventory +60,000 Liabilities Accounts payable +60,000 Example 2: Wal-Get purchases $8,000 of beverages from Mocha-Cola. Mocha-Cola's inventoried costs for these beverages is $4,000. Record the sale by Mocha-Cola. = Liabilities + Assets Accounts Receivable +8000 | Inventory -4000 | Stockholders' Equity Sales +8000 Cost of Goods Sold -4000 10) Best Ever, Inc. provides loyalty rewards to its customers. Best Ever, Inc. analyzed its liabilities associated with customer rewards and discovered that the amount of estimated future economic sacrifices totaled $990,000 as of March 31, 2020. The unadjusted general ledger as of the end of March 31, shows a liability balance related to customer rewards in the amount of $700,000, leaving $290,000 remaining to record. Assets Liabilities Stockholders' Equity