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Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate complet
Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate complet Hentify how each transaction affects net income. .. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Answer is not complete. Balance Sheet Income Statement Statement of Cash Flows Transaction Total Liabilities Operating Activities Investing Activities Total Assets +900 Financing Activities Income +900 Total Equity 900 *700 -500 +700 *700 -500 -500 +/- 100 Owner invests $900 cash in business Receives $700 cash for services provided Pays $500 cash for employee wages Buys $100 of equipment on credit Purchases $200 of supplies on credit Buys equipment for $300 cash Pays $200 on accounts payable Provides $400 services on credit Owner withdraws $50 cash Collects $400 cash on accounts receivable +1-200 +-300 -200 +400 +400 8. .50 -50 10. +/-400
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