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Chart of accounts Cash Supplies Inventory Equipment - Truck Accumulated depreciation Accounts Payable Common Stock Net Income (Or Retained earnings); you will calculate this by

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Chart of accounts Cash Supplies Inventory Equipment - Truck Accumulated depreciation Accounts Payable Common Stock Net Income (Or Retained earnings); you will calculate this by looking at the income statement. Sales Revenue Cost of goods sold Truck operating expense Salary expense Depreciation expense Additional Questions: 1. What were 3C's sales revenue. 2. At the end of the year, what was the book value of the truck after the depreciation expense taken (see discussion above) 3. Charlie is concerned that he has less cash now than he had when he started. Explain why he did really well in Year 2. I Chart of accounts Cash Supplies Inventory Equipment - Truck Accumulated depreciation Accounts Payable Common Stock Net Income (Or Retained earnings); you will calculate this by looking at the income statement. Sales Revenue Cost of goods sold Truck operating expense Salary expense Depreciation expense Additional Questions: 1. What were 3C's sales revenue. 2. At the end of the year, what was the book value of the truck after the depreciation expense taken (see discussion above) 3. Charlie is concerned that he has less cash now than he had when he started. Explain why he did really well in Year 2

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