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Transactions that affect cash do not necessarily affect net income. Identify the impact, if any, of each of the following transactions on cash and net
Transactions that affect cash do not necessarily affect net income. Identify the impact, if any, of each of the following transactions on cash and net income. The first transaction has been completed for you as an example. (For decreases use elther a negative sign preceding the number, eg. 45 or parenthesis, eg. (45). If an answer is zero, please enter 0 . Do not leave any fields blank) (d) Received $780 from customers in payment of their account in item (c). (e) Purchased equipment for cash, $5,500. (f) Made an adjusting entry to record depreciation of the equipment in item (e), $1,100. (g) Obtained a $1,100 bank loan. (h) Made an adjusting entry to accrue interest on the loan in item (g), $55. (i) Received $510 cash for services to be performed in the future. (j) Made an adjusting entry relating to the amount received in item (i) to show that $220 of the services had now been performed. (k) Made an adjusting entry to record utilities incurred but not yet paid, $245
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