The following figure depicts the balance sheet, income statement, job cost ledger, and equipment ledger combined for all Invoices A - G. What should the number be for Value 1? [Note: for numbers that are negative enter them with a negative sign instead of parentheses, i.e. -1000 instead of (1000)]

Problem 7b: The following figure depicts the balance sheet, income statement, job cost ledger, and equipment ledger combined for all Invoices A - G. What should the number be for Value 1? [Note: for numbers that are negative enter them with a negative sign instead of parentheses, i.e. - 1000 instead of (1000)] BALANCE SHEET ASSETS LIABILITIES 130 Inventory 310 Accounts 563.00 Payable-Trade Value 1 311 Accounts Payable-Retention 1,235.00 INCOME STATEMENT EXPENSES REVENUES 610 Materials 5,000.00 630 Subcontract 12,350.00 650 Other 255.00 JOB COST EXPENSES 302.01.32300M 5,000.00 309.02.221005 12,350.00 315.01.018000 255.00 EQUIPMENT EXPENSES Backhoe 2 - Repairs 375.00 EQUITY 430 Current Period Net Income (19,444.00) 563.00 = Value 2 730 Repairs 375.00 840 Office Supplies 112.00 842 Office Rent Value 3 PROFIT (19,444.00) Invoices are being entered into an accounting system utilizing the chart of accounts in Figure 2-1 in the textbook. Determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result of entering each of the following invoices. Match the correct Invoice with the correct figure. Invoice A: $5,000 for concrete charged to job cost code 302.01.32300M Invoice B: $12,350 invoice from a subcontractor for plumbing charged to job cost code 309.02.22100S. Ten percent retention is withheld from the invoice. Invoice C: $255 phone bill charged to job cost code 315.01.018000 Invoice D: $1,352 bill for main office rent Invoice E: $112 invoice for office supplies for the main office Invoice F: $375 invoice for repairs to Backhoe 2 Invoice G: $563 invoice for nails. The nails will be placed in inventory until they are needed on the jobs, at which time they will be billed to the jobs