Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template a. Purchased inventory on account $10,000 b. Rendered services to clients on account, $12.000 c. Paid wages for the week 51,600 d. Collected $8,000 from clients on account Notes: Use negative signs with answers, when appropriate If a transaction increases and decreases the same Balance Sheet Category enter the increase amount in the first row, followed by the decrease amount in the row directly below. Haare her Income State Stockholders Transaction Purity Assets Ravens Expenses - Net Income Benton Transaction Analysis Template Determine the financial effect on the balance sheet and income statement for each of the following independent events using the Transaction Analysis Template a. Purchased Inventory on account, $10,000 b. Rendered services to clients on account, $12,000 c. Paid wages for the week 51,600 d. Collected $8.000 from clients on account Notes: Use negative signs with answers, when appropriate Ha transaction increases and decremes the same Balance Sheet category, enter the increase amount in the first row, followed by the decrease nnount in the row directly below Balance Sheet Income Statement Stockholders Assets Transaction Purchased viventory on account Revenues Expenses - Net Income Rendered services to clients on account Pod wages for the week Corected to con