ignment Brief Exercise 4-1 Transactions that affect earnings ampct cash. Identify rany, that each of the would have upon and net income. The transaction has been completed as an example. (ifan amount reduces the account balance then enter with negative sign preceding the number 15,000 or parentheses (15,000). (a) Purchased $165 of supplies for cash. $165 (b) Recorded an adjusting entry to record use of s30 of the above supplies. udy (c) Made sales of $1,270, all on account. (d) Received $950 from customers in payment of their accounts. (e) Purchased equipment for cash, s2,400. Recorded depreciation of building for period used, s560. 0 of 2 used Copyright o 2000-2017 by John wiey s sons, inc or related companies. All rights reserved