instructions I help Chapter 3 Homework Question 4 (of 6) Save & Exit Submit 4. value: 0.50 points M3-18 Determining the Accounting Equation Effects of Operating Activities Involving Expenses [LO 3-2, LO 3-3] The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States. For each of the following transactions, complete the spreadsheet, indicating the amount and effect (+for increase and for decrease and +-for increase and decrease) of each transaction under the accrual basis. The first transaction is provided as an example. (Select "NE" if there is no effect on the category. Indicate +/- if the effects offset with in a category.) Stockholders' Equity Transaction Assets Liabilities NE Salaries and Wages Expense (+E) -6,250 a. Swing Hard paid $6,250 for wages to its golf instructors for the month of February. b. Swing Hard paid $2,200 for electricity used in the month of January. C. Swing Hard received an electricity bill for $1,740 for the month of February, to be paid in March. -6,250 References eBook & Resources Learning Objective: 03-03 Analyze, record and summarize the effects of operating transactions using the accounting equation journal entries, and T-accounts. Worksheet Difficulty: 1 Easy Learning Objective: 03-02 Explain and apply the revenue and expense recognition principles. M3-18 Determining the Accounting Equation Effects of Operating Activities Involving Expenses [LO 3- 2, LO 3-3] Check my work