'Received $400,000 in cash from Tom Maudi and issued common stock to him.

Transaction analysis

C213: Accounting for Decision Makers
For each transaction below, indicate the amount the affected accounts increase (treat amount as positive number) or decrease (treat amount as negative number).
		Balance Sheet
Transaction Analysis		Assets						=	Liabilities + Owners' Equity					Income Statement
Scorpion Company		Cash	Accounts Receivable	Inventory	Prepaid Expenses	Property, Plant, & Equip	Total Assets	=	Accounts Payable	Notes Payable	Capital Stock	Retained Earnings	Total Liabilities and Equity	Sales Revenue	Cost of Goods Sold	Expenses (other than Cost of Goods Sold)
1	Received $400,000 in cash from Tom Maudi and issued common stock to him.						0	=					0
2	Purchased land for $30,000 cash.						0	=					0
3	Borrowed $45,000 from the bank and signed a note.						0	=					0
4	Purchased $80,000 of inventory on account.						0	=					0
5	Sold some of the inventory in #4 for $50,000 on account.						0	=					0
6	Expensed inventory sold in #5. Cost of goods sold equals 60% of sales.						0	=					0
7	Purchased supplies on account for $1,000.						0	=					0
8	Paid $55,000 on accounts payable.						0	=					0
9	Paid property tax expense of $1,000.						0	=					0
10	Paid office employee salaries of $2,500.						0	=					0
11	Received $12,000 on accounts receivable.						0	=					0
12	Purchased 12 month insurance policy for $15,000.						0	=					0
13	Sold some of the inventory in #4 for $40,000 in cash.						0	=					0
14	Expensed inventory sold in #13. Cost of goods sold equals 60% of sales.							=					0
15	Purchased office building and warehouse for $200,000. Scorpion Company signed a note with the bank..						0	=					0
16	Paid $100 interest.						0	=					0
17	Paid $200 utilities.						0	=					0
	Totals						- 0						- 0

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A

B

C213: Accounting for Decision Makers

Scorpion Company

Transaction Analysis

For each transaction below, indicate the amount the affected accounts increase (treat amount as positive number) or decrease (treat amount as negative number).