JE 1 PizzaPan Inc. sold 1 million shares of their common stock for $1/share (par value of the common stock is $.10) JE 2 PizzaPan Inc. purchased $200,000 inventory from

JE 1       PizzaPan Inc. sold 1 million shares of their common stock for $1/share (par value of the common stock is $.10) JE 2                  PizzaPan Inc. purchased $200,000 inventory from a culinary distributor. PizzaPan inc. had to pay at the point of purchase the full $200,000 (cash). JE 3      PizzaPan Inc. purchased a delivery truck for $40,000 (cash). JE 4       PizzaPan Inc. sold on account 10,000 pizza pans to Domino’s Corporation. They sold the pans for $5/each. The cost of each pan is $3 ($3/each). JE 5      PizzaPan Inc. sold on account 5,000 pizza cutters to PizzaHut Corporation. They sold the pizza cutters for $8/each. The cost of each pizza cutter is $4 ($4/each). JE 6      PizzaPan Inc. paid their employees as follows: Sales staff => $12,000 Administrative staff => $16,000 JE 7      PizzaPan Inc. received $50,000 payment from Domino’s Corporation. Prepare an Income Statement. Prepare a Retained Earnings Statement Prepare a Balance Sheet

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