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Analyzing Transactions and Adjustments Using the Financial Statement Effects Template Record the effect of each of the following transactions for Hora Company using the financial
Analyzing Transactions and Adjustments Using the Financial Statement Effects Template Record the effect of each of the following transactions for Hora Company using the financial statement effects template. a. Wages of $500 are earned by employees but not yet paid. b. $2,000 of inventory is purchased on credit. C. Inventory purchased in transaction (b) is sold for $4,000 on credit. d. Collected $3,000 cash from transaction (c). e. Equipment is acquired for $5,000 cash. f. Recorded $1,000 depreciation expense on equipment from transaction(e). g. Paid $10,000 cash toward a note payable that came due. h. Paid $2,000 cash for interest on borrowings. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Liabilities Transaction Cash Asset Noncash Assets Contrib. Capital + Earned Capital Revenues Income Statement Expenses 0- = Net Income a. a 0 0 = 0 0 0 0 = 0 b. 0 0 - 0 0 0 0 0 = 0 C. 0 0 = 0 0 $ 0 0 = 0 0 . 0 d. 0 0 = = 0 0 0 0 0 = 0 e. 0 0 = 0 0 0 0 0 = 0 f. 0 0 = 0 0 0 0 0 = 0 0 0 = 0 0 0 0 0 = 0 h. 0 0 = 0 0 0 0 0 0 = + - + Please answer all parts of the
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