Confused on homework

4 5 Directions: Complete the accounting equation based on the information below. 6 Stock Issue Activity 7 a) Goofy Company issued 1,000 shares of $10 par common stock for $20,000. 8 b) Goofy Company issued an additional 2,000 shares for $25 a share 9 10 11 12 Goofy Company 13 Accounting Equation Balance Sheet 14 Event Assets Income Statement Stockholders Equity 15 Cash + Land = Common Stock + PIC in Excess Revenue Expense 16 a) Net Income 10,000 + 17 b) 20,000 18 19 20 Helpful Resources 21 22 Types of Stock Article 23 24 Stock Classifications 1 4 Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6 2 Ready Type here to search O e