Cash and After the expenses incurred The lodowegtransactions are typical operating activities for Corner Caf, a local coffee shop. Corner Cafe has a calendar year-end and uses accrualbasiscounting Knowledge Check 01 Indicate how each of the following transactions on June 30 affect the company's financial statements. 1. On June 30, The Corner Cafepaid cash for insurance for the six-month period that covers the last two quarters of the year. 2. On June 30, Corner Caf paid in wages to employees who worked during the last week of June. 3. On June 30, Corner Caf received a bill for electricity used during June. The company will not pay the bill until shortly before its due date in July Statement Transactions e to search