For each of the following unrelated situations, determine the financial statement effect using the Transaction Analysis Template: a. The Inventory account had a beginning balance of $22,250. Purchases of inventory during the monther were $15,000. Inventory on hand at the end of the period totaled $17,750. b. Siewald Tutorials provides group SAT tutoring sessions of six months. Fees collected in advance totaled $13,500. At the end of the current period, one month of instruction has been given. c. At the end of the accounting period, employee wages of $4,500 have been incurred but not paid. d. At the end of the accounting period, $1,000 of interest has been earned but not yet received on notes receivable. Note: Use negative signs with answers, when appropriate.

	Balance Sheet								Income Statement
					Stockholders'
Transaction	Assets	=	Liabilities	+	Equity				Revenues	-	Expenses	=	Net Income
a. To record use of inventory.	Answer		Answer		Answer				Answer		Answer		Answer
b. To record tutoring fees.	Answer		Answer		Answer				Answer		Answer		Answer
c. To record incurred wages.	Answer		Answer		Answer				Answer		Answer		Answer
d. To record interest earned.	Answer		Answer		Answer				Answer		Answer		Answer