QUESTIONS 1 (20\%) List the following transitions on the balance sheet, include (+) for increase or () for decrease per transaction. It is not required to write credit or debit. Sum the amounts for the "Total". Consider the following transactions for XYC Energy Corporation (XYZ), during January as it nrenares for hucinecs on Fehruary 1 st \begin{tabular}{|l|l|l|l|} \hline beginning Feb 1st. & & \\ \hline \begin{tabular}{l} 7.On January 31st,XYZ receives $3,000 from a \\ customer for merchandise XYZ will deliver \\ during February. \end{tabular} & & & \\ \hline \begin{tabular}{l} 8.On January 31st,XYZ purchases a building \\ for $40,000 and finances this purchases by \\ signing a note payable with a local bank. XYZ \\ promises to repay the loan in full in three \\ years and to pay interest at 10% per year. \end{tabular} & & & \\ \hline TOTAL & & & \\ \hline \end{tabular}