Can you help me with the following? i would like to compare my solutions .

Below is the list of possible transactions:

Instructions:

A) Set up a table using the format that follows and using ASPE, analyze the effects of the following transactions on the financial statement categories in the table. Use the following codes: Increase (I), Decrease (D), or no net effect (NE)? Transaction Assets Liabilities Shareholder's Equity Net Income

B) Determine if any of the transactions would have different criteria applied for recognition had IFRS been followed?

2. Issued an $80,000 Note Payable in payment of an account (related to purchased inventory of 80k on account - perpetual inventory system)

4. Borrowed $100,000 from the bank by signing a $104,000, six month, non-interest barring bond.

6. Recorded cash sales of $81,900, which includes 5% provincial sales tax

8. Recorded employer's payroll taxes.

10. Signed a $2 million contact with Construction Corp. to build new plant.

12. Recorded a provision on a lawsuit that the company will probably lose

14. Paid warranty costs that were accrued (Assruance-type warranty expense)

16. Paid warranty costs under contracts

18. Recored estimated liability for premium claims outstanding

20. Received remainder of the contracted amount and performed the services. (in related to recorded receipts of a cash down payment on services to be performed in the next accounting period.)