Please help me with the answers where it is incorrect. Thank you, I will leave the rating once everything is correct.

Purchases and Sales of Merchandise, Cash Flows Pedal City, a bike shop, opened for business on April 1. It uses a periodic inventory system. The following transactions occurred during the first month of business: Required: For all accounting equations, if a financial statement item is not affected, select "No Entry" and leave the amount box blank or enter "0". If the effect is negative, use the minus sign. Remember: if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. 1. Identify and analyze each of the following transactions of Pedal City. April 1: Purchased five units from Giorgio, Inc. for $500 total, with terms 3/10. n/30, FOB destination. Activity Operating Accounts Account Payable Increase, Purchases Increase Statement(s) Balance Sheet and Income Statement Feedback Check My Work How does this entry affect the accounting equation? Balance Sheet Income Statement Net Stockholders' Equity Assets Liabilities Revenues Expenses Income No Entry 500 x Accounts Payable 500 X ox No Entry 0 Purchases 0 x Feedback Check My Work Partially correct April 10: Paid for the April 1 purchase. Activity Operating Accounts Cash Decrease, Account Payable Decrease Statement(s) Balance Sheet and Income Statement X Feedback Balance Sheet only Balance Sheet and Income Statement Check My Work Income Statement only How does this entry affect the accounting equation? Balance Sheet Income Statement Stockholders' Net Assets Liabilities + Equity Revenues Expenses Income Cash -485 Accounts Payable -500 x 0 No Entry 15 X No Entry 0 Feedback Check My Work April 15: Sold one unit for $200 cash. Activity Operating Accounts Cash Increase, Sales Revenue Increase Statement(s) Balance Sheet and Income Statement Feedback Check My Work How does this entry affect the accounting equation? Balance Sheet Income Statement Stockholders Net Assets Liabilities Equity Revenues Expenses Income Cash 200 No Entry 0 0 Sales Revenue 200 No Entry 0 0 x April 18: Purchased ten units from Bush Enterprises for $900 total, with terms 3/10, n/30, FOB destination. Activity Operating Accounts Account Payable Increase, Purchase Increase Statement(s) Balance Sheet and Income Statement Feedback Check My Work How does this entry affect the accounting equation? Balance Sheet Income Statement Stockholders' Net Assets Liabilities Equity Revenues Expenses = Income No Entry 900 x Accounts Payable 900 x 0 X No Entry 0 Purchases ox 0 x Feedback Check My Work April 25: Sold three units for $200 each, cash. Activity Operating Accounts Cash Increase, Sales Revenue Increase Statement(s) Balance Sheet and Income Statement Feedback How does this entry affect the accounting equation? Balance Sheet Income Statement Net Assets Liabilities + Stockholders' Equity 0 * Sales Revenue Revenues Expenses Income Cash 600 No Entry 0 600 No Entry o 0 x April 28: Paid for the April 18 purchase. Activity Operating Accounts Cash Decrease, Account Payable DecreaseCash Decrease, Account Payable Decrease Statement(s) Balance Sheet only Feedback Check My Work How does this entry affect the accounting equation? Balance Sheet Income Statement Net Stockholders' Equity Assets Liabilities + Revenues Expenses Income Cash -873 Accounts Payable -900 X 0 No Entry 27 x No Entry 0 Feedback Check My Work 2. Determine net income for the month of April. Pedal City incurred and paid $100 for rent and $50 for miscellaneous expenses during April. Ending inventory is $957. (Ignore income taxes.) 287.87 3. Assuming that these are the only transactions during April (including rent and miscellaneous expenses), compute net cash flow from operating activities. Use the minus sign to indicate cash out flows, a decrease in cash or cash payments. -708 4. Cash outflow during the first month of business is much larger than expenses as shown on the income statement due to payments for acquisition of inventory which was unsold at the end of the month