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Determine the impact the following transactions will have on the various components of your financial statements. Please only consider the transaction listed and not any
Determine the impact the following transactions will have on the various components of your financial statements. Please only consider the transaction listed and not any adjusting entries which would occur at a later date. Please indicate negative numbers in parentheses. Ignore any changes in taxes caused by these transactions. The first transaction has been completed for you 1. Paid $800 of wages for this year. Do NOT indicate the effects of accruing wages which would be recorded later in the year. 2. Purchased treasury stock for $25,000 in cash. 3. Collected $417 of cash dividends from one of your investments in stock of another company 4. Purchased $1,000 of equipment on account. 5. Repaid a short-term bank loan of $5,000 plus $300 of this years interest. 6. Paid $4,375 for this months utilities. Transaction # #1 #2 #3 #4 #5 #6 Total ($800) Assets Total Liabilities Total ($800) Stock. Equity Net Income ($800) NET Cash Flow ($800) From Operating NET Cash Flow From Investing NET Cash Flow From Financing
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