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Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template. a. Paid

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Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template. a. Paid $8,000 to supplier for purchases made on account. b. Received cash for services rendered during the current month, $6,000. c. Paid wages for the week, $1,800. d. Paid interest on a note payable, $400. Note: Use negative signs with answers, when appropriate. Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity 0 Revenues = Net Income Expenses 0 0 0 0 0 Transaction a. Paid supplier for purchases made on account. b. Received cash for services rendered. c. Paid wages for the week. d. Paid interest on a note payable. 0 0 0 0 0 0 0 0 0 0 0 0 O O 0 0 0 O

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