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PLEASE POST EXCEL SPREADSHEET Record the following transactions in the financial statements effects template below. Company receives $6,000 from the sale of gift certificates. Customers
PLEASE POST EXCEL SPREADSHEET
- Record the following transactions in the financial statements effects template below.
- Company receives $6,000 from the sale of gift certificates.
- Customers used $5,700 gift certificates. The cost of the inventory sold is $3,900.
- The balance of the gift certificates expire unused.
Balance Sheet | Income Statement | |||||||||||||
Transaction | Cash Asset | + | Noncash Assets | = | Liabil- ities | + | Contrib. Capital | + | Earned Capital | Rev-enues |
| Expen-ses | = | Net Income |
a) | = |
| = | |||||||||||
b) | = |
| = | |||||||||||
c) | = |
| = |
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