Chapter 02 Homework eBook 1. EX.02.01 Metric analysis of transactions 2. EX.02.06 3. EX.02.07 4. EX.02.10 5. EX.02.12 6. EX.02.17 ALGO Roger Smith established an insurance agency on July 1, 2045, and completed the following transactions during July: a. Opened a business bank account in the name of Smith Insurance Inc., with a deposit of $30,000 in exchange for common stock. b. Borrowed $50,000 by issuing a note payable. c. Received cash from fees earned, $15,000. d. Paid rent on office and equipment for the month, $2,500. e. Paid automobile expense for the month, $1,250, and miscellaneous expense, $500. f. Paid office salaries, $3,250. 9. Paid interest on the note payable, $250. h. Purchased land as a future building site, paying cash of $60,000. i. Paid dividends, $1,500. Indicate the effects of each transaction on the liquidity metric Cash and profitability metric Net Income - Cash Basis. If a transaction is not affected, select "No effect" and enter in the amount box. If the effect on a transaction is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Transaction Metric Effects Liquidity Profitability Transaction Cash Net Income - Cash Basis 7. MBA.02.01 8. PR.02.01.ALGO