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Pizza Express Incorporated began the Year 2 accounting period with $ 8 , 5 0 0 cash; $ 6 , 5 0 0 of common

Pizza Express Incorporated began the Year 2 accounting period with $8,500 cash; $6,500 of common stock; and $2,000 of retained
earnings. Pizza Express was affected by the following accounting events during Year 2:
Purchased $10,000 of supplies on account.
Earned and collected $26,000 of cash revenue.
Paid $8,500 cash on accounts payable.
Adjusted the records to reflect the use of supplies. A physical count indicated that $2,200 of supplies was still on hand on
December 31, Year 2.
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