Restrict your answers to the gray are only Indicate how each of the following transactions will impact the company's financial statements 4 51 Carr Company borrowed $20,000 of cash from a local bank. 7 Account Assets Liabilities Equity Revenue Expenses Net Income Not income 10 11 12 2. Carr Company received $7.000 cash from customers for products and services that have not yet been delivered. 14 Account Assets Liabilities Equity Revenue Expenses 95 16 17 101 10 3. Carr Company paid $2,000 cash dividends 21 Account Assets Liabilities Equity Revenue Expenses Net Income Revenue Expenses Net Income 23 24 26 29 4. Carr Company sold and delivered $15,000 of products and services to customers on credit 28 Account Assets Liabilities Equity 29 3D 31 32 32 15. Carr Company paid $6,000 for insurance that will cover the next 12 months 35 Account Assets Liabilities Equity 30 Insurance Expanse 30 Revenue Expenses Net Income Carr Company paid $6,000 for insurance that will cover the next 12 months Account Assets Liabilities Equity Revenue Expenses Net Income Insurance Exponse Carr company used three months of insurance which left only 9 months of coverage romaining the company had previously paid $6,000 for 12 months coverage Account Assets Liabilises Equity Revenue Expenses Net Income Insurance Expense Carr Company incurred $3,000 wage expense, however employees have not yet been paid. Account Assets Liabilities Equity Revenue Expenses Net Income Carr Company paid $3,000 for wages that were incurred in the prior month Account Assets Liabilities Equity Revenue Expenses Not Income Wages Expense