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Answer is not complete. a. b. Balance Sheet Statement of Cash Flo Income Statement Net Income Transaction Total Assets Total Liabilities Total Equity +400 Operating
Answer is not complete. a. b. Balance Sheet Statement of Cash Flo Income Statement Net Income Transaction Total Assets Total Liabilities Total Equity +400 Operating Activities Investing Activities 1. Owner invests $400 cash in business in exchange for stock +400 2. Receives $200 cash for services provided +200 +200 +200 +200 3. Pays $320 cash for employee wages -320 -320 -320 -320 4. Buys $450 of equipment on credit +450 +450 5. Purchases $550 of supplies on credit +550 +550 6. Buys equipment for $650 cash +/-650 -650 7. Pays $490 on accounts payable -490 -490 -490 8. Provides $690 services on credit +690 +690 9. Pays $340 cash for dividends -340 -340 10. Collects $715 cash on accounts receivable +/-715 +715 1
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