YouTube Mape Homepage Kenne M McGraw-Hill Conne Ares bricha96 Suitable Holistic St Econ 1000 page W Accrual Acct Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings Pizza Express was affected by the following accounting events during Year 2 1. Purchased $3,600 of supplies on account 2. Eamed and collected $12.300 of cash revenue 3. Paid $2.700 cash on accounts payable 4. Adjusted the records to reflect the use of supplies. A physical count indicated that $250 of supplies was still on hand on December 31 Year 2 Required a. Show the effects of the events on the financial statements using a horizontal statements model given below in the Cash Flows column, use OA to designate operating activity, FA for financing activity, IA for investing activity, or NC for net change in cash If the element is not affected by the event, leave the cell blank. The beginning balances have been entered as an example (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry) PIZZA EXPRESS INCL Effect of Events on Financial Statements for Year 2 Assets Liabilities Stockholders' Equity Income Statement Event No. Cash Supplies Accounts Payable Common Stock Retained Revenue Expense Ne Statement of Cash Flows Earnings Beg bal 2.500 400 1,100 3.600 3.000+ H 2 12.300 12.300 12.300 12.300 3 (2.700) (2700) 12300 OA (2200) OA (3.350) (3.360) 3.350 (3.350) Totals 12.100 250 500 1400 10,050 12.300 3.360- 8.950 $600 eto search W T E