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For each of the following, you are indicate the dollar impact of each of the following on each of cash flow and net income. Decreases

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For each of the following, you are indicate the dollar impact of each of the following on each of cash flow and net income. Decreases or negative numbers should be in brackets as shown in the example below. Blank blocks will be graded as if your answer is zero or no impact. Two marks per correct answer. All questions must be answered on-line in the space provided. You can click on the grid to make it larger on your screen. Impact on Cash Flow Net Income (400) (400) Example: Paid S400 for advertising for the current month. This example shows that advertising expense increases, but this will decrease net income. Paying cash decreases cash. Acquired $15,000 of equipment by signing a note payable for $12,000 and paying the balance in cash Adjusted for $40 of interest owing on the note payable. Recorded 5500 of depreciation on the equipment Collected $800 cash in advance from a customer for work to be done in the future, Performed $400 of work for a customer on credit and billed her for the services we performed

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