a. b. Balance Sheet Income Statement Statement of Cash Flows Transaction Total Assets Total Liabilities Total Equity Net Income Operating Activities Investing Activities Financing Activities 1. Owner invests $550 cash in business in exchange for stock +550 +550 +550 2. Receives $350 cash for services provided +350 3. Pays $150 cash for employee wages -150 4. Buys $280 of equipment on credit +280 5. Purchases $380 of supplies on credit +380 6. Buys equipment for $480 cash +/-480 7. Pays $320 on accounts payable -320 8. Provides $520 services on credit +520 9. Pays $170 cash for dividends -170 10. Collects $545 cash on accounts receivable +/-545