Required

Explain how each of the following events or serles of events and the related adjusting entry will affect the amount of net Income and

the amount of cash flow from operating activitles reported on the year$-$end financlal statements. Identify the direction of change

$($Increase or decrease$)$ and the amount of the change. If there is no change, leave the cell blank. Organize your answers according to

the following table. The first event is recorded as an example. If an event does not have a related adjusting entry, record only the

effects of the event. $($Not all cells will require entry. Do not round intermedlate calculations.$)$

a$.$ Pald $$2,500$ cash on October $1$ to purchase a one$-$year Insurance policy.

b$.$ Purchased $$1,300$ of supples on account. Pald $$850$ cash on accounts payable. The ending balance in the Supples account, after

adjustment, was $$250.$

c$.$ Provided services for $$7,700$ cash.

d$.$ Collected $$9,800$ in advance for services to be performed in the future. The contract called for services to start on May $1$ and to

continue for one year.

e$.$ Accrued salarles amounting to $$3,200.$

f$.$ Sold land that cost $$18,400$ for $$18,400$ cash.

g $.$ Acquired $$52,500$ cash from the Issue of common stock.

h$.$ Earned $$11,400$ of revenue on account. Collected $$10,260$ cash from accounts recelvable.

Pald cash for other operating expenses of $$1,750.$