eeeader chegg.conm Identify how each of the following separate transactions 1 th

Question

eeeader chegg.conm Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a+and the dollar amount in the column or columns. For decreases, place aand the dollar amount in the column or columns.Some cells may contain both an increase (+) and a decrease () along with dolilar amounts. The first transaction is completed as an example. Required a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the incomme statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash Bows from financing activities. Balance Sheet Statement of Cash Flows Assets Liab Equity income Activities Activities Actiwses 1 Owner invests $800 cash in business in exchange for shock 2Purchases 5100 off suppies on credt for $400 cash 4 Phovides services for $900 cash 5Pays 5400 cash for seet incursed 6Incurs $200 unines costs on credt Pays $300 cash for wages incurred Pays 150 cash for dividends Provides $600 senvices on et 10 Coflects $800 cash on accounts receablo MacBook Air 5 8 0.

Explanation / Answer

Total assets Total liabilities Total equity Net income Operating activities Investing activities Financing activities 1 800 800 800 2 100 100 3 -400 4 900 900 900 900 5 -400 -400 -400 -400 6 200 -200 -200 7 -300 -300 -300 -300 8 -50 -50 -50 9 600 600 600 10 600

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