Question

Record the transaction:

Customers go online and load $200,000 on their Starbucks Cards.

Date (ifany Cash Noncash given) AssetAssets Balance Sheet Income Statement Contributed Earned surplius Revenues Expenses Net Income

Answer 1

Customer is loaded $ 200,000 on their Starbucks Cards
It means customer have available cash $ 200,000 but he is converted the same in non cash assets
This is not a revenue and not an expenses so it will not affect income statement
Only movement of cash assets to non cash Assets
Balance Sheet						Income Statement
Date (If Any)	Cash Assets	Non Cash Assets	Liabilities	Contributed Capital	Earned Surplus	Revenues	Expenses	Net Income
Not Available	$             -2,00,000	$                2,00,000	$                                    -	$                                 -	$                              -	$                           -	$                -	$                    -