Show the impact of below transactions on financial statements. There is a separate tab in attached Excel file for each transaction

1- Produce product advertising fliers and T-shirt giveaways for $50,000
2- A new customer orders 1000 product with a selling price of $15,000 (on credit) and cost of 10,000. The products are shipped to customers.
3- Receive payments of customer order in transaction 2.
4- Pay this year general liability insurance for $10,000.
5- Pay payroll associated taxes for $500.

 

 

26 Balance Sheet 27 A 28 B 29 C 30 D 31 32 F 33 G 34 H 35 G-H=I 36 E+F+I=J 37 38 K 39 L 40 M 41 N 42 K+L+M+N=O 43 44 P 45 Q 46 R A+B+C+D=E 47 Q+R=S 48 O+P+S=T Cash Account Recivable Inventories Prepaid Expenses Current Assets Other Assets Fixed Assets @cost Accumulated Depreciation Net Fixed Asset Total Assets Accounts Payable Accrued Expenses Current portion of debt Income tax payable Current Liabilities Long term Debt Capital Stock Retained Earnings Shareholder Equity Total libabilites and Equity