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Transactions that affect caminos do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and

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Transactions that affect caminos do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance than enter with negative sign preceding the number eg. -15,000 or parentheses ... (15,000).) Cash Net Income (a) Purchased $105 of supplies for cash -$105 $0 (b) Recorded an adjusting entry to record use of $25 of the above supplies. () Made sales of $1,380, on account (d) Received $950 from customers in payment of their accounts. (e) Purchased equipment for cash, 52.750. Recorded depreciation of building for period used, 5730

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