a. On a separate sheet of paper, complete the following chart to show the effect of these transactions on the accounting equation and compute the net effect (dollars in millions).

b. Which of these transactions would be reflected on the income statement? Which of these transactions would be reflected on the statement of cashflows?

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Assets = Liabilities + Shareholders' Equity Transaction 1. Recognized service revenues of $6.426 in exchange for accounts receivable. 2. Paid S1.322 for sales and marketing. Issued common stock for 5363. 4. Purchased marketable securities for $2.317 Net effect