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Required: 1. Analyze the effect of the January transactions (shown below) on the accounting equation, and indicate the account, amount, and direction of the effect
Required: 1. Analyze the effect of the January transactions (shown below) on the accounting equation, and indicate the account, amount, and direction of the effect (+ for increase and -for decrease) of each transaction (Enter any decreases to account balances with a minus sign.) a. Received $57,500 cash from customers for subscriptions that had already been eamed in 2014 b. Received $205,000 cash from Electronic Arts, Inc. for service revenue carned in Januaryy C. Purchased 10 new computer servers for $42.800; paid $16,400 cash and signed a three-year note for the remainder owed. d. Paid S15,300 for an Internet advertisement run on Yahoo! in January e. Sold 17,300 monthly subscriptions at $13 each for services provided during January. Half was collected in cash and half was sold on account. f. Received an electric and gas utility bill for $6,300 for January utility services. The bi l be paid in February. g. Paid S400,000 in wages to employees for work done in January h. Purchased $3,250 of supplies on account. i. Paid S3,250 cash to the supplier in (h Assets Liabilities Stockholders' Equity a. Cash C. h
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