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The following accounts are applicable to Access Life Services, Inc, a company that provides indoor plant maintenance services for clients. 1.Cash 2. Accounts recievable 3.

The following accounts are applicable to Access Life Services, Inc, a company that provides indoor plant maintenance services for clients.

1.Cash 2. Accounts recievable 3. Supplies 4. prepaid rent 5. equipment 6. note payable 7. common stock

8. Retained earnings 9. Dividends 10. Plant Service Revenue 11. Wages Expense 12. Rent expense 13. Utilities expense

Access life services INC completed the following transactions and would like you to complete the effect of each transaction (DEBIT or Credit and the effect on the

statement of cash flows. For the cash flows indicate (+) if the transaction is increasing the company's cash flows or (-) if the effect reduced the companys cash flows . USE NE

if there is no effect on cash. An example transaction has been completed.

EXAMPLE:

TRANSACTION

Cash flows affected

DEBIT

CREDIT

Operating

Investing

Financing

Purchased equipment for cash

5

1

-X

TRANSACTION

Cash Flows Affected

DEBIT

CREDIT

Operating

Investing

Financing

A. Received cash from stockholders

B. Purchased building and give a note

C. Provided service on account

D. Collected cash on account from C

E. paid rent for the month

F. Paid wages for the week

G. paid dividend to stockholders

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