Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, place a -- and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with the dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total assetd, total liabilities, and total equity. For the income statement, identify how each transaction affects net income. b. 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 euucation.com/flow/connect.html Mail-X Chaptx WebEx x C Search X + Saved Help Save & Exit Check a. b. Balance Sheet Total Liabilities Total Equity Income Statement Net Income Statement of Cash Flows Operating Investing Financing Activities Activities Activities +900 +900 Transaction Total Assets 1. Owner invests $900 cash in business in exchange for stock 900 2. Receives $700 cash for services provided 3. Pays $500 cash for employee wages 4. Buys $100 of equipment on credit 5. Purchases $200 of supplies on credit 6. Buys equipment for $300 cash 7. Pays $200 on accounts payable 8. Provides $400 services on credit 9. Pays $50 cash for dividends 10. Collects S400 cash on accounts receivable BRE 1 of 1 Prev Next > Summer Onine 2020.xls Course Guide Sum... X Microsx AccessX Mail - x Chaptex WebEx x ect.html c Search X + Saved Help Save & Exit Submit ws what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question a. b. Balance Sheet Total Transaction cash in business in exchange for Total Assets +900 Income Statement Net Income Total Equity +900 Liabilities Statement of Cash Flows Operating Investing Finan Activities Activities Active -900 +1-900-900 > +/-900 for services provided employee wages mment on credit supplies on credit $300 cash aunts payable vices on credit dividends Prev 1 of 1 Next Showa m...xls Summer Online 2020 457 PM 5/14-2020 O B RI & * 7 9 8