$3$

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 a $"-"$ and the dollar amount in the column or columns. Some cells may

$1$

contain both an increase $(+)$ and a decrease $(-)$ along with dollar amounts. The first transaction is completed as an example.

points

Required:

a$.$ For the balance sheet, Identify how each transaction affects total assets, total liabilities, and total equity. For the income 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 flows from financing activities.

Answer is not complete.

$\backslash$table$[[$Transaction$,$a$.,\{$

$\backslash$table$[[$b$.],[$Statement of Cash Flows$]]\}],[$Balance Sheet,$\backslash$table$[[$Income$],[$Statement$],[$Net$],[$Income$]]],[\backslash$table$[[$Total$],[$Assets$]],\backslash$table$[[$Total$],[$Liabilities$]],\backslash$table$[[$Total$],[$Equity$]],\backslash$table$[[$Operating$],[$Activities$]],\backslash$table$[[$Investing$],[$Activities$]],\backslash$table$[[$Financing$],[$Activities$]]],[1.$ Owner invests $$900$ cash in business in exchange for stock,$+900,,+900,,,,+900],[2.$ Receives $$700$ cash for services provided,$+700,,+700,,+700,+700,,],[3.$ Pays $$500$ cash for employee wages,$-500,,-500,-500,-500,,],[4.$ Buys $$100$ of equipment on credit,$+100,,+100,,,,-100,],[5.$ Purchases $$200$ of supplies on credit,$+200,0,+200,,,,,],[6.$ Buys equipment for $$300$ cash,$+/-300,,,,-300,+300,],[7.$ Pays $$200$ on accounts payable,$-200,-200,,,-200,,],[8.$ Provides $$400$ of services on credit,$+400,$vv$,,+400,>,+400,,,],[9.$ Pays $$50$ cash in dividends,$-50,,-50,,-50,,],[10.$ Collects $$400$ cash on accounts receivable,$+1-400,,,,+400,,]]$