Use the following to answer questions 68 Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders' Equity to increase, Assets increase, and no effect on Liabilities). 6. Pay for rent in advance. 7. Purchase supplies on account. 8. Recorded and paid salaries to employees. 9. At the beginning of January, the balance in the Retained Earnings account is $300,000 for the company. During the month of January, the company had the following external transactions. $ Determine ending Retained Earnings for January 31 st. Use the following to answer questions 1013 Indicate which of the following accounts should be debited and which should be crodited: An example has been provided fex). Perchase Office Supplies in exehange for cash Debit: N (Supplies) Credit: C (Cash) see below. Only Include the letter of the account not the account name. A. Accounts payable B. Accotints reccivable C. Cash D. Common stock E. Dividends F. Equipment GoNotes payable H. Prepaid rent 1. Ment exgense 1. Retained earnings K. Salaries expense L. Salaries payable M. Service renvenue N. Supplies 0. Utilliesexpense Use the following to answer questions 1420 Post each trangaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOrE. The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Following are some (not all) of the accounts for the company with balances at the beginning of the day: 14. 5 What is the Cash account balance at the end of the day? 15. What is the Accounts Receivable account balance at the end of the day? tives What is the Ofice susplims accognt bulature at. the ecd of the dirn? What is the Accoueti nayable account balance at the end of the etrer? 18.5 What is the beferted reveniae accouat batance at thin efid of ithe odry? 19.5 What is the Service revenue account batance at the end of the daj? 20,5 What in she Advortislne experse accoqut baiance at the ens of the day? Eahnuanu 11 traneaction is combleted as an examnles Onlv ind ude the letter of the account not the accodnt name. 27 f Junuary 31 it cash was $10,000, what is the cash balance at the end of the day on 2/28 ? (Make sure zo indude the fib 1 example). Chapter 2 Page 2-3 Use the followine to answer questions 2835 The company tras provided their trial baiance at the end of January. Based on the data provided in the trial balance find the following: 28. 5 Devermine Total expenses. 29. $ Determine Net income 30.5 Determine Beginning Retalned Earnings 31.5 Determine Ending Retained Earnings 32.5 Determine Total Stockholders' Equity 33. 5 Determine Total Liabilities 34. $ Determine Total Assets 35.5 At the beginning of lanuary, the company had $300,000 in its common stock account. How much stock was issued during lanuary