Hello, please answer everything, and I will leave you a thumbs up in return. Thanks! $1.$ A company completed the following transactions...

A company completed the following transactions during the month of May. Show the

effects of the transactions on the accounts of the accounting

equation by recording increases and decreases in the appropriate columns in the

table below. Do not determine new account balances after each transaction.

Determine the final total for each account and verify that the equation is in balance.

The first transaction is shown as an example.

May $1$ The company completed work for a customer and was paid $$90,000$ cash.

May $2$ The company purchased $$25,000$ in office equipment. It paid $$10,000$ in cash

and signed a note payable promising to pay the $$15,000$ in three years.

May $3$ The company rented office space and paid $$3,000$ for the May rent.

May $6$ The company installed new vinyl siding for a customer and immediately collected

$$5,000.$

May $7$ The company paid a supplier $$2,000$ for siding materials used on the May $6$ job.

May $8$ The company purchased a $$2,500$ copy machine for office use on credit.

May $9$ The company completed work for additional customers on credit in the amount of

$$16,000.$

May $15$ The company paid its employees$$ salaries $$2,300$ for the first half of the month.

May $17$ The company installed new siding for a customer and immediately collected

$$2,400.$

May $20$ The company received $$10,000$ in payments from the customers billed on May $9.$

May $28$ The company paid $$1,500$ on the copy machine purchased on May $8.$ It will pay

the remaining balance in June.

May $31$ The company paid its employees$$ salaries $$2,400$ for the second half of the

month.

May $31$ The company paid a supplier $$5,300$ for siding materials used on the remaining

jobs completed during May.

May $31$ The company paid $$450$ for this month$$s utility bill.

Date

Assets $=$ Liabilities $+$ Equity

Cash

Accounts

Receivable Equipment

Accounts

Payable

Notes

Payable Revenues Expenses

May $1$

$(2$ Points$)$

$2.$ The following is selected financial information of Village Company for the

current year ended December $31.$ Prepare the statement of cash flows for

Village Company for the current year ended December $31.$

Cash, December $31,$ prior year $4,600$

Cash used by investing activities$ $(4,000)$

Cash used by financing activities $(5,600)$

Cash from operating activities $12,000$

$3.$ At the beginning of the year, a company had $$120,000$ worth of liabilities.

During the year, assets increased by $$160,000$ and at year$-$end they equaled

$$360,000.$ Liabilities decreased $$20,000$ during the year. Calculate the

beginning and ending values of equity.

$4.$ Tesla completed these transactions during April of the current year:

April $2$ Rented office space and paid $$1,200$ cash for the month of September.

April $3$ Purchased office equipment for $$30,000,$ paying $$8,000$ cash and agreeing to

pay the balance in one year.

April $4$ Purchased office supplies for $$750$ cash.

April $8$ Completed work for a client and immediately collected $$2,700$ cash for the

services.

April $15$ Completed $$3,600$ services for a client on credit.

April $20$ Received $$3,600$ from a client for the work completed on September $15.$

April $30$ Paid the office secretary$$s monthly salary, $$3,000$ cash.

Show the effects of the above transactions on the components of the accounting

equation. Use the following format for your answers.

The first item is shown as an example.

Increase $=$ I, Decrease $=$ D$,$ No effect $=$ N

Date AssetsLiabilitiesEquity

Example:

April $2$ D N D