Record the effect, if any, of the transaction entry or adjusting entry on the appropriate balance sheet category or on the income

statement by entering the account name and amount and indicating whether it is an addition $(+)$ or subtraction $(-).$ Column headings

reflect the expanded balance sheet equation; items that affect net income should not be shown as affecting stockholders' equity. The

first transaction is provided as an illustration.

a$.$ During the month, Supplies Expense was debited $$2,400$ for supplies purchased. The cost of supplies used during the month was

$$1,300.$ Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of the month.

b$.$ During the month, the board of directors declared a cash dividend of $$2,000,$ payable next month.

c$.$ Employees were paid $$1,680$ in wages for their work during the first three weeks of the month.

d$.$ Employee wages of $$440$ for the last week of the month have not been recorded.

e$.$ Revenues from services performed during the month totaled $$4,080.$ Of this amount, $$2,080$ was received in cash and the balance

is expected to be received within $30$ days.

f$.$ A contract was signed with a newspaper for a $$160$ advertisement; the ad ran during this month but will not be paid for until next

month.

g$.$ Merchandise that cost $$544$ was sold for $$1,136.$ Of this amount, $$880$ was received in cash and the balance is expected to be

received within $30$ days.

h$.$ Independent of transaction a$,$ assume that during the month, supplies were purchased at a cost of $$176$ and debited to the Supplies

$($asset$)$ account. A total of $$104$ of supplies were used during the month. Record the adjustment to properly reflect the amount of

supplies used and supplies still on hand at the end of the month.

i$.$ Interest of $$216$ has been earned on a note receivable but has not yet been received.

j$.$ Issued $400$ shares of $$19$ par value common stock for $$7,600$ in cash.

Required:

a$.$ Indicate the financial statement effect.

b$.$ Prepare the journal entry for the above transactions.

Complete this question by entering your answers in the tabs below.

Required A

Indicate the financial statement effect.