Back THIS WIDOW shows you 3 102/28 S M2-18 (Algo) Determining Financial Statement Effects of Transactions [LO 2-3] Required: Sweet Shop Company is a chain of candy stores that has been in operation for the past ten years. For each of the following transactions give the accounting effects of the adjustments required. (Enter any decreases to account balances with a minus sign.) a. Ordered and received $12.400 worth of cotton candy machines from Candy Makers Incorporated, which Sweet Shop Company wil pay for in 45 days. b. Sent a check for $6,400 to Candy Makers Incorporated for the cotton candy machines from ( c. Received $800 from customers who bought candy on account in previous months d. To help raise funds for store upgrades estimated to cost $39,500, Sweet Shop Company issued 1400 common shares for $25 each to existing stockholders e Sweet Shop Company bought ice cream trucks for $68,000 fotal, paying $14,000 cash and signing a long-term note for $54,000 Assis Accounts Receivable 12.4001 (800) Cash (8.400) - Notes Payable Dong- Accounts Payable Accounts Payable Cash (14,000) 14 Cash 000 Equgment 0.000 . Cash Total 35.000 95.000 04.000 12.400 400) " 1+ 60,000 Mockholders Rigly Common Stock 0