Q18 Record the following dollar impacts for each transaction. You do not need to include the account name.

If the account increases, just put the number. If the account decreases put a - then the number. If there is no impact put 0. For example, if net income goes up by $100 then put 100. No dollar signs or account names! Do not leave any cells in this table blank.

On May 1st the Zaleski Company receives $1,100 of cash for selling its older laptops. The laptops were originally purchased for $5,000 and accumulated depreciation was $4,300 on the balance sheet before the sale.

How is the balance sheet and income statement impacted from the sale?

Assets
Liabilities
Equity
Net Income