Question 4 of 23 -/1 E View Policies Current Attempt in Progress Classify the following items as investment by owner, owner's drawings, revenues, or expenses. Then indicate whether each item increases or decreases owner's equity. 1. Drawings is it decreases e owner's equity 2. Rent Revenue is it owner's equity 3. Advertising Expense is an .it owner's equity 4. When the owner puts personal assets into the business, it is owner's equity it eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later in wley.com O h1 Question 5 of 23 -/4 1 2 The company performed $89.000 of services for customers on credit The company received $89.000 in cash from customers who had been bited for services in transaction 13 The company received a bill for $4.100 of advertising but will not pay it until a later date A. Robert withdrew $4,400 cash from the business for personal use. 3 4 Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity place a negative sin for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced. See wlustration 1-8 for example) Assets Liabilities Cash Accounts Receivable Accounts Payable Owners Capital (1) $ (2) $ (3) 4 $ MECEDORA Question 6 of 23 The following is selected information related to Wildhorse Company at December 31, 2022. Wildhorse monthly $4,049 Accounts Payable $22,268 Salaries and Wages Expense Cash 8.772 Notes Payable 33,740 Advertising Expense 8,098 Rent Expense 14,171 Service Revenue 72,204 Accounts Receivable 18,220 Equipment 39,138 Owner's Drawings 10,122 Determine the total assets of Wildhorse Company at December 31, 2022 Total assets $ e Textbook and Media Determine the net income that Wildhorse Company reported for December 2022 Net income $ Determine the net income that Wildhorse Company reported for December 2022. Net Income $ e Textbook and Media Determine the owner's equity of Wildhorse Company at December 31, 2022 Owner's equity $ e Textbook and Media Attempts: 0 of 3 used Submit Antwe Save for Later MacBook Air go Di DO 10 # 80 888 F3 F4 2 A ( 9 ) 0 & 7 % 5 $ 4 8 6