1. Paid $2,800 cash on October 1 to purchase a one-year insurance policy.
2. Purchased $1,400 of supplies on account. Paid $850 cash on accounts payable. The ending balance in the Supplies account, after adjustment, was $200.
3. Provided services for $7,700 cash.
4. Collected $10,400 in advance for services to be performed in the future. The contract called for services to start on May 1 and to continue for one year.
5. Accrued salaries amounting to $3,200.

1. Sold land that cost $18,400 for $18,400 cash.
2. Acquired $49,500 cash from the issue of common stock.
3. Earned $13,200 of revenue on account. Collected $11,880 cash from accounts receivable.
4. Paid cash for other operating expenses of $1,150.

Cash Flows from Net Income Event/ Operating Activities Adjustment Direction of Amount of Direction of Amount of Change Change Change Change a. Decrease $ 2,800 Adj. Decrease 700 Decrease 850 Adj. Decrease b. c. Adi. 1-4-4-4-4-4-4-4- d. Adj. Adi. Adj. g. Adj. h. Adj. Decrease