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Kiger Kayaking, a sporting goods retailer, began operations on August 1 with the following transactions during the first month of operation. Fill in the following

Kiger Kayaking, a sporting goods retailer, began operations on August 1 with the following transactions during the first month of operation. Fill in the following table, including the net income and change in cash balance.

Accrual Cash
A B Aug 1 Paid August office rent of $20,000
C D Aug 5 Purchased and paid $160,000 for merchandise inventory
E F Aug 16

Sold merchandise for $270,000 that cost $100,000 wholesale. Received cash from customers for these sales.

G H Aug 17 Received and paid a $7,500 advertising bill for August, September, and October.
I J Aug 30 Paid September office rent of $20,000
K Aug 31 Change in cash balance
L Aug 31 August net income

1. The number that belongs in box A (including the minus sign if necessary) is?

2. The number that belongs in box B (including the minus sign if necessary) is?

3.The number that belongs in box C (including the minus sign if necessary) is?

4.The number that belongs in box D (including the minus sign if necessary) is?

5.The number that belongs in box E (including the minus sign if necessary) is?

6. The number that belongs in box F (including the minus sign if necessary) is?

7.The number that belongs in box G (including the minus sign if necessary) is?

8. The number that belongs in box H (including the minus sign if necessary) is?

9. The number that belongs in box i (including the minus sign if necessary) is?

10. The number that belongs in box j (including the minus sign if necessary) is?

11. The number that belongs in box K (including the minus sign if necessary) is?

12. The number that belongs in box L (including the minus sign if necessary) is

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