Balance Sheet Total Assets Transaction Total Liabilities Income Statement of Cash Flows Statement Net Operating Investing Financing Income Activities Activities Activities +400 Total Equity +400 +400 200 1 Owner invests $400 cash in business in exchange for stock 2. Receives $200 cash for services provided 3. Pays $320 cash for employee wages 4 Buys $450 of equipment on credit 5 Purchases $550 of supplies on credit +650 6. Buys equipment for $650 cash 7 Pays $490 on accounts payable 8 Provides $690 services on credit 9 Pays $340 cash for dividends -340 10. Collects $715 cash on accounts receivable +715