9. A note receivable in the amount of $100,000 plus interest of $1,500 was paid-off by the borrower. Assets = Liabilities + Stockholders' Equity Statement of Cash Flow = + Common Stock + Retained Earnings REV - EXP - DIV = + + - - 100,000 -10,000 N/A -1,500 10. A new client discusses various payment options
Assets |
= |
Liabilities |
+ |
Stockholders' Equity |
Statement of Cash Flow |
||||||||||||||
= |
+ |
Common Stock |
+ |
Retained Earnings |
|||||||||||||||
REV |
- |
EXP |
- |
DIV |
|||||||||||||||
= |
+ |
+ |
- |
- |
|||||||||||||||
100,000 |
-10,000 |
N/A |
-1,500 |
Assets |
= |
Liabilities |
+ |
Stockholders' Equity |
Statement of Cash Flow |
||||||||||||||
N/A |
N/A |
= |
N/A |
+ |
Common Stock |
+ |
Retained Earnings |
||||||||||||
REV |
- |
EXP |
- |
DIV |
|||||||||||||||
= |
+ |
N/A |
+ |
N/A |
- |
N/A |
- |
N/A |
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Assets | = | Liabilities | + | Stock holder's equity | Statement of cash flow | |||||||||||||||
Cash | Note Receivable | Common stock | + | Retained earnings | ||||||||||||||||
REV | - | Exp | - | Div | ||||||||||||||||
101,500 | -100,000 | 1,500 | 101,500, Operating activities | |||||||||||||||||
Assets | = | Liabilities | + | Stock holder's equity | Statement of cash flow | |||||||||||||||
Common stock | + | Retained earnings | ||||||||||||||||||
REV | - | Exp | - | Div | ||||||||||||||||
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||||||||
A new client discusses various payment.
Options --- It will not be recorded anywhere since, no transaction is entered into.
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