Cash Inventory Purchases Accounts Receivables Eamed Revenue Cost of Goods Sold Accounts Payable Accrued Wages Total Income Statement Revenue Less Cost of Goods Sold Greas Profit Accrued Wages Net Income Balance Sheet Chung Corporation As of December 31, 2023 Clash Accounts Receivable Inventory Total Assets Accounts Payable Accrued Weges Total Liabilities Common Stock Retained Earnings Total Equity esc tab Chung Corproertion Accounting Equation 2023 shift T K- caps lock Assets='s Chung Corporation Income Statement Period Dec 1, 2023 $ S ? 1 Assets Q fn Liabilities (a Liablities 2 A a N Equity Equity Common Stock Retained Earnings # W * 3 S Equity S LA E X 4 D alt Transaction Chung Corporation issued common stock for $10,000 (pense place the appropriate transaction in its respective headings le cas, imbility or equity REMEMBE Chung purchased inventory for $3,000 on account (On account means it purchased credit to be paid next period) Chung sold $1,000 of inventery on account to be paid in 30 days with a cost of $4,000 Wages for the period were $3,000 to be paid next period (accrual method) % R C 5 F T 6 G V hp 7 & 7 Y H + * 00 U 19 J B N KA K M