Consider the transactions listed on the left. Match each transaction to the financial statement effects listed on the right. Enter the correct number in the "corresponding number"

Transaction

Corresponding Number

Financial Statement Effect

Pay wages with cash

1

Increase assets and increase liabilities

Repay bank loan

2

Decrease liabilities and decrease assets

Prepay insurance expense

3

Decrease assets and decrease equity

Receive prepayment from customer

4

Decrease assets and increase assets