Accounting 283-403 11 Points Individual Exercise ane Fall 2022 Complete the spreadsheet and Ben answer the 11 questions in Canvas Individual Graded Assigment One For each of the following transactions of a new cash basis business for the meath of June 2002, analyze the transaction with the spreadsheet (in the cash column indicate whether the item is from operations, savesting, or financing) and answer the question on the last page. TREAT SUPPLIES and anx.the.sapens that carsman has a month AS A PREPAID ASSET Issued stock for $50,000 cash Performed consulting services for $35,500 cash a b Paid $4,000 for supplies. d Paid $7,500 for insurance for current month. " + h Paid $12.000 for 12 months of instance Make...na.abou Borrowed $15,000 from First National Bank Paid $2,500 dividend to the shareholders Bought $70,000 ef equipment by paying $5,000 cash down and signing a note payable for the remaining amount Event Cash Flow OMAFA Assels Claims Cash Prepaid supplies Equipment Account payable Notes Common Stock Revenue Earnings A FA OA 36 60,000 35,000 c D F Clams Assets Income Statement Expense Net 3 Complete the spreadsheet and then answer the 11 questions in Canvas Individual Graded Assigment One For each of the following transactions of a new cash-basis business for the manth of June 2022, analyze the transaction with the spreadsheet (in the cash column indicate whether the item is from operations, investing, or financing) and answer the question on the last page. TREAT SUPPLIES and any other expense that covers more than one month AS A PREPAID ASSET 22 2 6 7 B 9 10 11 12 13 14 abcdefg h 13 15 Issued stock for $60,000 cash. Performed consulting services for $35,500 cash. Paid $4,000 for supplies Paid $7,500 for insurance for current month. Paid $12.000 for 12 months of insurance Make sure you read the ted.noleabasse Borrowed $15,000 from First National Bank Paid a $2.500 dividend to the shareholders. Bought $70,000 of equipment by paying $5,000 cash down and signing a note payable for the remaining amount Cash Flow Assets Event OMAFA Cash Prepaid Equipment supplies Account payable Notes Payable FA 60,000 88 OA 35,000 OA -4,000 4,000 Assets Claims Claims Income Statement Common Stock Retained Revenue Earnings Net Income 60,000 0 0 15,000 15,000 d