13. What line hem is carried from the Income Statement to the Statement of Retained Samningsi What Inelem is carried from the statement of Retained Gamings to the balance Sheet? Partill: Analyve the impact of business transactions on accounts (LOS) 12. For each Reminder the impact of that transaction on cuts, abilities, and equity. Assume that all transactions, unless oted otherwise, are in cash. Assets Uabilities Equity Transaction (increase or (increase or increase + or decrease depress decrease Received $3,000 cash and Issued 1. 1 share to the owners 14. Describe what it means the accounting is based on a double-entry 2. Paid $40.000 cash for land 15. The lett side of each twent is the side, and the right side is the slee 16. Describe how debits and credits affect asset, Ilability, and shareholders' equity accounts. Bought $2.700 of supplies on 3. acco Received $7,000 cash from 4. customers for service Venue camed Performed services for customers on 5. count, $3,000 Pald cash expenses, $1,100 G. employee salary, $1,200 titles $400 17. How do debits and credite alect dividend, expense, and accounts. 7. Paid $1,900 on the count payable created in transaction 3 Major shareholder paid personal funds to remodel home, nota business transaction Part IV Record Tournaling and post transactions in the books (L04 18. What is the chronological record of transactions that accountants use caled? 3 9. Received $1,000 count 20. 19. the three steps of the uning proces Sold land for cash at the land's cost of $22.000 Declared and paid a dividend of $2,100 to the stockholders . 11 c