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2. Which of the following shows the correct effect on the accounting equation for a utility expense that is paid when billed? Prepare a statement

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 2. Which of the following shows the correct effect on the accounting equation for a utility expense that is paid when billed? Prepare a statement of stockholders' equity for July. If your answer is zero enter 5. Prepare a statement of cash flows for July. Use the minus sign to indicate cash out flows, decreases in cash, or cash payments. if your answer is zero enter "0". Stanley Insurance Inc. Statement of Cash Flows For the Month Ending July 31, 20 Y5 Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Cash as of July 1, 20Y5 Cash as of July 31,20Y5 Cash payment for land Cash payments for dividends Cash receipts from issuing common stock Cash receipts from issuing note payable Deduct cash payments for operating activities Ch Net increase in cash during July 3. Prepare an income statement for July. 3. Prepare an income statement for July. Stanley Insurance Inc. Income Statement For the Month Ending July 31, 20 Y5 Revenues: Expenses: Total expenses Net income

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