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  1. business
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  3. ending balance (b) dollar effect of each of the ei

Ending Balance (b) DOLLAR EFFECT OF EACH OF THE EIGHT TRANSACTIONS Accounts (a) (C) (d)...

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Ending Balance (b) DOLLAR EFFECT OF EACH OF THE EIGHT TRANSACTIONS Accounts (a) (C) (d) (e) (f) (g) (h) Cash $ 64,400 $(11,700) $ (5,900) $ 9,680 $(1,210) $(2,200) $ 3,840 Accounts Receivable 2,820 Inventory 24,400 (5,710) Prepaid Expenses 1,650 Store Fixtures 11,700 Accounts Payable 18,500 $1,480 Unearned Revenue 2,400 Common Stock ($1 par value) 9,660 Additional Paid-in Capital 54,740 Sales Revenue 12,500 1,440 Cost of Sales 5,710 Wages Expense 1,210 Rent Expense 550 Utilities Expense 1,480 Required: 2. Compute the ending balance in each account and prepare an unadjusted classified income statement and a classified balance sheet for Kate's Kite Company on April 30. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Compute the ending balance in each account and prepare an classified balance sheet for Kate's Kite Company on April 30. KATE'S KITE COMPANY Balance Sheet Assets Liabilities and Shareholders' Equity Current Liabilities: Current Assets: Total current assets Long Term Assets: Total current liabilities Shareholders' Equity: Total shareholders' equity Total Liabilities & Shareholders' Equity Total Assets

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