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According to its annual report. The Wendy's Company is the third largest quick-service restautant company in the hamburger sandwich segment with more than 6,500 restaurants

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According to its annual report. The Wendy's Company "is the third largest quick-service restautant company in the hamburger sandwich segment" with more than 6,500 restaurants worldwide. The company operates its own restaurants (about 13 percent of the 6,500 restaurants) and sells franchises to others (about 87 percent of the restaurants). The following activities were inferred from a recent annual report. a. Purchased food and paper products; paid part in cash and the rest on account. b. Purchased additional investments. c. Incurred restaurant operating costs in company-owned facilities; paid part in cash and the rest on account. d. Served food to customers for cash. e. Usedfood and paper products. f. Pald cash dividends. 9. Sold franchises, recelving part in cash and the rest in notes due from franchisees. h. Paid interest on debt incurred and due during the period. Required: 1. 8. 2. For each of the transactions, complete the tabulation, indicating the effect (t for increase and - for decrease) of each transaction, If there is no effect on the statement of cash flows, select "No effect". (Remember that A=L+SE,RE=NI and NI affects SE through Retained Earning5.). Also indicate, if at all, would each transaction be reported on the statement of cash flows. The first transaction is provided as an example. 1. \& 2. For each of the transactions, complete the tabulation, indicating the effect (t for increase and - for decrease) of each transection. If there is no effect on the statement of cash flows, select "No effect". (Remember that A=L+SE;RE=NI; and NI affects SE through Retained Earnings.). Also indicate, If at all, would each transaction be reported on the statement of cash flavs. The first transaction is provided as an example

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