Badger World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Moth, Lovlies, Walkers, and Bill Ladde. The following transactions occurred during a recent month. a. Made cash sales of $53,400 (example). b. Purchased $3,450 of additional supplies on account. c. Borrowed $62,800 on long-term notes. d. Purchased $27,900 in additional equipment, paying in cash. e. Incurred $27,150 in selling expenses, paying two-thirds in cash and owing the rest on account. f. Paid $6,850 in rent for this month, and also paid $6,850 for next month. Required: 1. For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect (+ for increase and for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the first transaction, which is provided as an example. 2. Determine the company's preliminary net income. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each of the transactions, complete the following table, indicating the account, amount, and direction of the effect (+ for increase and for decrease) of each transactic under the accrual basis. Include reven and expenses as subcategories of stockholders' equity, as shown for the first transaction, which is provided as an example. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Transaction a Cash Stockholders' Equity Sales Revenue 53,400 53,400 b. C. d. e. f. Pandey Inc. had the following activities during the month: A. Borrowed $750,000 cash, signing a promissory note. B. Bought a building for $900,000, paying $225,000 in cash and signing a promissory note for $675,000. C. Rented equipment at a cost of $15,000 per month and issued a check covering six months' rent. D. Provided $130,000 of services and billed customers. E. Purchased $40,000 of supplies on account. F. Received a utility bill for the current period in the amount of $2,200. G. Raised sales prices on 200 units from $450 per unit to $490 per unit. H. Received a 50% deposit from a customer on a $30,000 order to be filled next month. Required: a. Analyze the events listed below by indicating the accounts and amounts involved in the table below. In the column labeled "+/-", select the sign that describes how the accounting equation is affected. If the event should not to be recorded as a transaction, leave it blank. (Enter all amounts as positive values.) Assets Liabilities Stockholders' Equity B D E F G H