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I can't figure out the Preliminary net income! Can you please list each of the items that i should add or subtract from the total?

I can't figure out the Preliminary net income! Can you please list each of the items that i should add or subtract from the total?image text in transcribedimage text in transcribed

4eps tookrouThe.ureerd&D PPondoorbelo 'loe: sstl te: 1, St w: 6.01 The following transactions occurred during a recent year a. Paid wages of $1,450 for the current period (example) b. Borrowed $7,250 cash from local bank using a short-term note c. Purchased $2,900 of equipment on credit. d. Earned $580 of sales revenue, collected cash e. Received $1,160 of utilities services, on credit. f. Earned $2,450 of service revenue, on credit g. Paid $435 cash on account to a supplier h. Incurred $100 of travel expenses; paid cash i. Earned $580 of service revenue; collected half in cash, with balance on credit. j. Collected $160 cash from customers on account. k. Incurred $420 of advertising costs; paid half in cash, with balance on credit. Required 1. For each of the transactions, complete the table below, indicating the account, amount, and direction of the effect (+ for increase and for decrease) of each transaction under the accrual basis. Include revenues and expenses as subcategories of stockholders' equity, as shown for the first transaction, which is provided as an example. Also, determine the company's preliminary net income. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equit a. Cash (1,450) Salaries and Wages Expense

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