Accounting problems

"A "Asset "Liabilities "Equity "8 /1 Total "700000 "550000 "150000 "8 /3 Borrowed 24 ,000 "24000 "24000 "724000 "574000 "150000 "8 /7 Bought Inventory valued at 38 ,000 "0 "724000 "574000 "150000 "8 /10 paid 14 ,000 cash for operating expense "-14000 "-14000 "710000 "574000 "136000 "8 /14 received 100 ,000in cash from sales of merchandise cost 66 ,000 "44000 "44000 "754000 "574000 "180000 "8 /17 paid 28 ,000 owed on accounts payable "-28000 "-28000 "726000 "546000 "180000 "8 /21 collected 34 ,000 of accounts receivable "0 "726000 "546000 "180000 "8 /24 repaid 20 ,000 to the bank plus 400

"-20400 "-20000 "-400 "705600 "526000 "179600 "8 /29 paid Kenisha Morgana cash dividend of 10 ,000 "-10000 "-10000 "695600 "526000 "169600 "B "Revenue "44000 "Expense "-14400 "Net Income "29600 "C "Beginning Balance "700000 "550000 "150000 "Ending Balance "-695600 "-526000 "-169600 "Net Changes "4400 "24000 "-19600 "D "Paid Operating expence on 8 /10 "Received a gross profit of 44 ,000 from sales "Paid Interest on 8 /24 "Paid Dividend "E . Dividend is equated in the equity wherein the cash given is not considered as an expense because of its relation to the capital "the interest is an expense because it is a liability that should be paid "F "It will increase your cash but it will not increase your net income because it is a liability "G . Because it doesn 't matter when do you receive or pay cash but on when the revenue and the expenses are recognized and incurred "Asset "2007 "2006 "Liabilities and Owner 's Equity "2007 "2006 "Current Assets "Current Liabilities "Cash "30 "30 "Note Payable "49 "40 "Accounts Receivable "126 "120 "Accounts Payable "123 "110 "Inventory "241 "230 "Current Liabilities "172 "150 "Total Current Asset "397 "380 "Long term Debt "69 "80 "Land "42 "25 "Total Liabilities "241 "230 "Equipment "390 "375 "Owner 's Equity "Less : Accumulated Depreciation "-180 "-160 "Common Stock "200 "200 "Total Land Equipment "252 "240 "Retained Earnings "208 "190 "Total Owner 's Equity "408 "390 "Total Assets "649 "620 "Total Liabilities and Equity "649 "620 "Debit "Credit "a "Cash "100000 "APIC- Common Stock "900000 " Common Stock "1000000 "b "Cash "500000 " Note Payable "500000 "c "Salaries Expense "380000 " Cash "380000 "d "Inventory "640000 " Accounts Payable "640000 "e "Accounts Receivable "910000 " Sales Revenue "910000 "Cost of Goods Sold "580000 " Inventory "580000 "f "Rent Expense "110000 " Cash "110000 "g "Inventory "150000 " Accounts Payable "100000 " Cash "50000 "h "Accounts Payable "100000 " Cash "100000 "Accounts Payable "620000 " Cash "620000 "i "Utilities Expense "36000 " Cash "36000 "j "Cash "825000 " Accounts Receivable "825000 "k "Interest Expense "60000 " Interest Payable "60000 "l "Rent Expense "10000 " Rent Expense Payable "10000 "Balance Sheet "Asset "Cash "129000 "Account Receivable "85000 "Inventory "210000 "Total Asset "424000 "Liabilities and Owner 's Equities "Liabilities "Accounts Payable "20000 "Notes Payable "500000 "Interest Payable "60000 "Rent Payable "10000 "Total Liabilities "590000 "Owner 's Equity "Paid In Capital "Common Stock "1000000 "Additional PIC "-900000 "100000 "Retained Earnings "-266000 "Income Statement "Sales "910000 "Less CGS "-580000 "Gross Profit "330000 "OpEx...