(A)

Part 5. Effects on Financial Statements Below, I describe transactions of Pita Pan, Inc. Please indicate how each transaction immediately affects the indicated sections of the balance sheet, income statement, and statement of cash flows by placing a (increase), - (decrease), or NE (no effect) under each of the column headings in the chart below. Do not leave a box blank (place an answer in each box). All transactions occur independently a. Pita Pan pays cash for rent expense. b. Pita Pan purchases inventory on account. c. Pita Pan pays cash for wages that they previously accrued for last period. d. Pita Pan accrues interest expense at the end of the period. e. Pita Pan pays cash to buy a new machine. Assets Liabilities Stock.Revenues Expenses Cash from Cash from Cash from Equity Gains Losses Operting Investing Financing a. b. C. d. e