amount.\ a. Paid

$2,300

cash on October 1 to purchase a one-year insurance policy.\ b. Purchased

$1,500

of supplies on account. Paid

$850

cash on accounts payable. The ending balance in the Supplies account, after adjustment, was

$250

.\ c. Provided services for

$7,400

cash.\ d. Collected

$10,300

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

$4,700

.\ f. Sold land that cost

$18,400

for

$18,400

cash.\ g. Acquired

$54,500

cash from the issue of common stock.\ h. Earned

$12,500

of revenue on account. Collected

$11,250

cash from accounts receivable.\ i. Paid cash operating expenses of

$1,850

.\ \\\\table[[\\\\table[[Eventl],[Adjustment]],Net income,\\\\table[[Cash Flows from],[Operating Activities]]],[\\\\table[[Direction of],[Change]],\\\\table[[Amount of],[Change]],\\\\table[[\\\\table[[Direction of],[Change]]],[Decrease]],\\\\table[[Amount of],[Change]]],[a.,,2,300],[Adjustment,Decrease,575,18,],[b.,I,,Decrease,850],[Adjustment],[c.,5,,,],[Adjustment],[d.],[Adjustment],[e.],[Adjustment],[

f

a. Paid $2,300 cash on October 1 to purchase a one-year insurance policy. b. Purchased $1,500 of supplies on account. Paid $850 cash on accounts payable. The ending balance in the Supplies account, after adjustment, was $250. c. Provided services for $7,400 cash. d. Collected $10,300 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 $4,700. f. Sold land that cost $18,400 for $18,400 cash. g. Acquired $54,500 cash from the issue of common stock. h. Earned $12,500 of revenue on account. Collected $11,250 cash from accounts receivable. 1. Pald cash operating expenses of $1,850