a. Paid $3,000 cash on October 1 to purchase a one-year insurance policy. b. Purchased $1,150 of supplies on account. Paid $800 cash on accounts payable. The ending balance in the Supplies account, after adjustment, was $400. c. Provided services for $7,700 cash. d. Collected $10,800 in advance for services to be performed in the future. The contract called for services to start on May 1 and to continue for one year. e. Accrued salaries amounting to $4,200. f. Sold land that cost $18,500 for $18,500 cash. g. Acquired $50,000 cash from the issue of common stock. h. Earned $12,200 of revenue on account. Collected $10,980 cash from accounts receivable. i. Paid cash operating expenses of $1,700. Net Income Event/ Cash Flows from Operating Activities Adjustment Direction of Change Amount of Change Direction of Amount of Change Change a. Decrease $ 3,000 Adjustment Decrease $ 750 b. Adjustment C. Adjustment d. Adjustment e. Adjustment Adjustment Adjustment h. Adjustment L Adjustment