FCh 05 Assignment Question 3 of 6 > -/5 1 The following tramactions occurred for Mouawad Inc 1 Inventory costing $290,000 was purchased on account. A new vehicle costing $20,000 was purchased Mouawad paid $5,000 as a down payment, and the remaining $15,000 was financed through a bank loan 3. Surplus land was sold for $70,000, which was $15,000 more than its original cost 5 During the year, the company made a payment of $15,000 on its mortgage payable: $1.875 of this amount was for the interest on the debt Wages of $35,000 were charged to expense as they were incurred. No wages were owing to the employees at the end of the The company declared and paid dividends of $25.000 For each of the above item Identify the accounts affected and give the amounts by which they would be increased or decreased. (Credit account tiles an automatically indented when amount is entereil. Do not indent manually if no entry is required, select "No Entry" for the account titles and ender O for the amounts) 145PM US 2022-06-04 Question 3 of 6 -/5 = 1 Transaction Account Titles and Explanation Debit Credit State the amount of any cash flow and whether cash is increased or decreased. Transaction 1 2 3 4. S 6. Increases/Decreases eTextbook and Media List of Accounts Amounts Ch 05 Assignment Question 3 of 6 Identify how each item would be reported in Mouawad's statement of cash flows Transaction Activity eTextbook and Media List of Accounts -/5