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Prepare an expanded accounting equation worksheet for the Zeon Company to show the effect of the following transactions on the given dates our accounting period

  1. Prepare an expanded accounting equation worksheet for the Zeon Company to show the effect of the following transactions on the given dates our accounting period is January:
    • January 2 Investment of $75,000 in cash into the business by stockholders.
    • January 4 Paid $10,000 in cash toward a building that cost $90,000 with the rest being borrowed from the bank to be paid back in 5 years.
    • January 10 Bought inventory on credit for $4,200
    • January 14 Paid cash wages to employees who worked in January for the business for $950.
    • January 21 Sold merchandise for $2,900 in cash. This merchandise (inventory) originally cost $1,500.
    • January 30 Received a bill from the utilities company for $300 for utilities used during January that will be due in February.
    • January 31 Paid cash dividends of $100 to stockholders.
  2. Prepare the income statement, statement of stockholders equity, balance sheet and cash flow statement for the month of January for Zeon.

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