FIll in the appropropriate numeric value in each of the blank cells below. This question is based on the balance sheet equation: A = L + OE. Account Column 1 Column 2 Column 3
Cash 600 2,000
Inventory 2,400 2,500 4,000
Supplies 1,000 500 1,000
Equipment 9,000 6,000
Total Assets 10,000
Loans Payable 5,000 4,000
Common Stock 8,000 2,000
Total L & OE 10,000 12,000

Answer and Explanation:

The computation is shown below:

Account             Column 1            Column 2       Column 3

Cash                      600                       2000               1000

Inventory             2400                       2500              4000

Supplies               1000                        500                1000

Equipment           9000                      5000               6000

Total Assets         13000                      10000            12000

Loan Payable       5000                        4000             10000

Common Stock    8000                        6000             2000

Total L & OE         13,000                       10000          12000

Working notes:

For Column 1:

As we know that

Total asset = Cash +Inventory + Supplies + Equipment

= 600 + 2400 + 1000 + 9000

= 13000

Liabilities + Equity = 5000 + 8000

= 13000

For Column 2:

Total Asset = Cash + inventory + supplies +equipment

10000 = 2000 + 2500 + 500 + Equipment

Equipment = 10000 - 2000 - 2500 -500

= 5000

Total L & OE = Loans payable + common stock

10000 =4000 + common stock

Common Stock = 10000 - 4000

= 6000

For Column 3:

Total L&OE = 12000

As we know that

Total Assets = Total L & OE

So, Total Assets = 12000

Total Asset = Cash + Inventory + Supplies + Equipment

12000 = Cash + 4000 + 1000 + 6000

Cash = 12000 - 4000 - 1000 - 6000

Cash = 1000

Total L & OE = Loan payable +Common Stock

12000 = Loan Payable + 2000

Loan Payable = 10000

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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