Timing and Cash Flows SE12. BUSINESS APPLICATION Use the T account for Cash below to record the portion of each of the following transactions, if any, that affect cash. How do these transactions affect the company's liquidity? Jan. 2 Provided services for cash, $2,400. 4 Paid expenses in cash, $1,400. 8 Provided services on credit, $2,200. 9 Incurred expenses on credit, $1,600