On 8/1/20, the Astros signed up for batting lessons; the monthly fee for lessons is $400. World Series Inc. received $2,400 in cash (in advance from the Astros) for these lessons.

Please fill out these boxes:

for ALL of these boxes, you can choose - which indicates that none of the answers are applicable

Balance Sheet

cash asset box: -2400, -2000, -400, 400, 2000, 2400

Non-cash assets box 1: -2400, -2000, -400, 400, 2000, 2400

Non-cash assets box 2: Accounts payable, COGS, Inventory, retained earnings, Unearned revenue

Liabilities box 1:-2400, -2000, -400, 400, 2000, 2400

Liabilities box 2: Accounts payable, COGS, Inventory, retained earnings, Unearned revenue

contrib capital box 1: -2400, -2000, -400, 400, 2000, 2400

contrib capital box 2: Accounts payable, COGS, Inventory, retained earnings, Unearned revenue

earned capital box 1: -2400, -2000, -400, 400, 2000, 2400

earned capital box 2: Accounts payable, COGS, Inventory, retained earnings, Unearned revenue

Income Statement

revenues box 1: -2400, -2000, -400, 400, 2000, 2400

revenues box 2: Accounts payable, COGS, Unearned revenue

expenses box 1: -2400, -2000, -400, 400, 2000, 2400

expenses box 2: Accounts payable, COGS, Unearned revenue

net income: -2400, -2000, -400, 400, 2000, 2400

On 8/1/20, the Astros signed up for batting lessons; the monthly fee for lessons is $400. World Series Inc. received $2,400 in cash (in advance from the Astros) for these lessons. Balance Sheet: Income Statement