E3-20 Infering Transactions, Creating Financial Statements, and Calculating Net Profit Margin LO 3-3, IThe An analysis of transactions made during July by Nepco, an iriternet service provider, during its first month of operations Is shown below. Increases and decreases affecting revenues and expenses are explained. Assets Llabilities Common Cash Recelvable Supplies Equlpment Stock Retained Earnings (a) +11,000 o00 +710 14,000 550 -710 Utilities expense 5,000 Sdrvice revenue +5,000 (d)-6,000 (e) +1,000 1,000 Service revenue +550 9) -3,000 (r) -2,000 3,000 2.000 Wage expense -750 Rent expense 0 750 ) +1,500-1,500 1750 3.500 550 100002 22601000 2,540 References E3-20 Inferring Transactions, Creating Financial Statements, and Calculating Net Profit Margin [LO 3.3, LO 35] Section Break w@ P'. 0