A) $60,750 B) $63,000 C) $75,000 D) $80,640 E) $96,000 41. The accounting equation is represented by which financial statement?

A) $60,750 B) $63,000 C) $75,000 D) $80,640 E) $96,000 41. The accounting equation is represented by which financial statement? A) Income Statement B) Balance Sheet C) Post-Closing Trial Balance D) Trial Balance E) Statement of Retained Earnings 42. Consider the following events for H-town Inc., a painting and drawing company: April 10 – company orders office supplies April 12 – company receives and uses office supplies April 15 – company receives payment from Customer A for a new piece of art April 20 – company starts and completes the artwork for Customer A April 27 – company pays for the office supplies ordered on April 10 On which day(s) should the company record revenue and expense under cash basis accounting?

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