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please help on the two blank balance sheets. thank you! 1 ACCT 2003 Big Picture Project Horizontal Transaction Analysis 2023 begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} hline & & multicolumn{8}{|c|}{

please help on the two blank balance sheets. thank you! image text in transcribed
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1 ACCT 2003 Big Picture Project Horizontal Transaction Analysis 2023 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & \multicolumn{8}{|c|}{ Balance Sheet } & \multicolumn{2}{|c|}{ Income Statement } \\ \hline & & & & Assets & & & Llabilities & Stockholde & s Equity & Revenue & - Expense \\ \hline & Year/Trans & Cashflow & Cash & Inventory & Equipment & AccumulatedDepreciation & Notes Payable & Common Stock & RetainedEarnings & & \\ \hline & Year3Belanes & & 53,340 & 5,000 & 9,000 & 1,800 & 12,000 & 49,000 & 0 & 0 & 0 \\ \hline & 3.1 & & & & & & & & & & \\ \hline & 3.2 & & & & & & & & & & \\ \hline & 3.2 & & & & & & & & & & \\ \hline & 3.2 & & & & 4 & & & & & & \\ \hline & 3.3 & & & & & & & & & & \\ \hline 11 & 34 & & & & & & & & & & \\ \hline 12 & 3.4 & & & & & & & & & & \\ \hline 43 & 3.4 & & & & & & & & & & \\ \hline 44 & 3.5 & & & & & & & & & & \\ \hline 45 & Coilns. & & & & & & & & & 0 & 0 \\ \hline 46 & Total & & 53,340 & 5,000 & 9,000 & 1,800 & 12,000 & 49,000 & 0 & 0 & 0 \\ \hline \end{tabular} 2-1 Purchase Inventory for $24,000 cash 2-2 Service \& Sales Revenue Service Revenue $7,700 Sales Rev $54,800; COGS $27,400 \begin{tabular}{|l|} \hline 2-3 Expenses \\ \hline Operating Exp. 524,100 \\ \hline Depreciation Exp. - equip, cost /5 \\ \hline Interest Expense * \\ \hline Note Pay. yx. end balanse x 8\% \\ \hline \\ \hline 2-4 Dividend Payment \\ \hline Common Stock x 5\% \\ \hline \end{tabular} Big Picture Project 2023 Transactions Plan B 3-1 Purchase Inventory for $32,000 cash \begin{tabular}{|l|} \hline 3-2 Sales & Service Revenue \\ \hline Service Revenue $9,600 \\ \hline Sales Rev $62,200; CoG $31,100 \\ \hline 3-3 Debt Repayment @ 1/1/yr 3 \\ \hline 1/6 of Original Note \\ \hline \end{tabular} \begin{tabular}{|l|} \hline 3-4 Expenses \\ \hline Operating Exp. \$26,900 \\ \hline Depreciation Exp- equip. cost /5 \\ \hline Interest Expense = \\ \hline Note Pay, yr. end balance x 8\% \\ \hline 3-5 Dividend Payment \\ \hline Common Stock x 10\% \\ \hline \end{tabular}

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