1. Acquired $52,000 cash by issuing common stock. 2. Paid $7,400 for the materials used to
make its products, all of which were started and completed during the year. 3. Paid salaries of
$3,700 to selling and administrative employees. 4. Paid wages of $6,700 to production workers.
5. Paid $4,700 for furniture used in selling and administrative offices. The furniture was acquired
on January 1. It had a $1,500 estimated salvage value and a two-year useful life. 6. Paid $13,400
for manufacturing equipment. The equipment was acquired on January 1 . It had a $1,700
estimated salvage value and a three-year useful life. 7. Sold inventory to customers for $25,100
that had cost $14,000 to make. Required Indicate how these events would affect the balance
sheet and income statement by recording them in a horizontal financial statements model as
indicated here. The first event is recorded as an example. (Enter any decreases to account
balances with a minus sign. For changes on the Statement of Cash Flows, indicate whether the
item is an operating activity (OA), investing activity (IA), financing activity (FA).).
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
1. Acquired $52,000 cash by issuing common stock. 2. Paid $7,400 for .pdf
1. 1. Acquired $52,000 cash by issuing common stock. 2. Paid $7,400 for the materials used to
make its products, all of which were started and completed during the year. 3. Paid salaries of
$3,700 to selling and administrative employees. 4. Paid wages of $6,700 to production workers.
5. Paid $4,700 for furniture used in selling and administrative offices. The furniture was acquired
on January 1. It had a $1,500 estimated salvage value and a two-year useful life. 6. Paid $13,400
for manufacturing equipment. The equipment was acquired on January 1 . It had a $1,700
estimated salvage value and a three-year useful life. 7. Sold inventory to customers for $25,100
that had cost $14,000 to make. Required Indicate how these events would affect the balance
sheet and income statement by recording them in a horizontal financial statements model as
indicated here. The first event is recorded as an example. (Enter any decreases to account
balances with a minus sign. For changes on the Statement of Cash Flows, indicate whether the
item is an operating activity (OA), investing activity (IA), financing activity (FA).)
