Balance Sheet – Income Statement Company XYZ 10 19 2018.pdf…
Balance Sheet – Income Statement Company XYZ 10 19 2018.pdf Based on the attachment above, please indicate the impact of each of these activities on Company XYZ 2018 Balance Sheet for the following: Company XYZ buys $8,000 inventory on credit (Accounts Payable). Company XYZ gets a $90,000 loan from a bank to buy a new office building. Company XYZ collects $5,000 in cash from a customer who owes them money (Accounts Receivable). Company XYZ gets a $30,000 loan from a bank to buy a $70,000 equipment. Company XYZ pays the balance in Cash. Company XYZ returns inventory worth $80,000 to the original supplier, and gets new merchandise worth $60,000 from the same supplier and receives the balance in cash.