Question

Help Save & Exit Submit Check my Identify how each of the following separate transactions 1rrough affects financial statements For ncreases, pisce a and the dolar amount in the column or columns. For decreases, place a"-and the dallar amount in the column or columns. Some colls may contan both an increase (-) and a decrease along with the doilar amounts. The first transaction is completed as an exampla. Required: a. For tho balince sheot identify how each transaction afflocts total assets total äabilinies, and tocal oquity. For the income statement identty how each transaction affects nes income eb. For the stodement of cash flows identify how each transaction affects cash flows from operating actlvities, cash flows from investing activities, and cash fows from financing activeies Balancs Sheet StatementStatement of Cash Flows Total Total Toeal Net Operating vesting Financing r Owner invests 5900 cash in busines in eschange for stock -90 2eceives $700 cash tor services privided Pays 3500 cash for amployae wige .Buys $100 of equipment on aredt Purchases $200 of supples on credt d Duys equipment for $300 cash . Pays $200 on accounts payable Provides 5400 sarvices on credv 50 Colucls 5400 cash on Colects $400 caih on accounts acaivable < Prev t1 of 11 İİİ Not

I need help with numbers 1 through 10 please.

Answer 1

					Total	Total	Total	Net Income	Operating	Investing	Financing
S.no.	Transaction				Assets	Liabilities	Equity		Activities	Activities	Activities
1	Owner invest 900 cash				900		900				900
2	Receives 700 cash for services provided				700		700	700	700
3	paid 500 wages				-500		-500	-500	-500
4	Buys 100 of equipment on credit				100	100
5	Purchase 200 of supplies on credit				200	200
6	Buys equipment 300 for cash				0					-300
7	pays 200 on Accounts payable				-200	-200			-200
8	Provides 400 services on credit				400		400	400
9	Pays 50 cash for dividends				-50		-50				-50
10	Collect 400 cash on Accounts receivable								400