Which of the following accounts typically does not need to be adjusted? Prepaid insurance O Unearned revenue Cash Supplies Cathy Company had the following transactions during 2021: Issued $375,000 of common stock for cash Recorded and paid wage expense of $180,000 Declared and paid a cash dividend of $30,000 Recorded cash sales of $1,200,000 Bought inventory for cash of $480,000 Acquired stock in Jordan Corporation for cash of $63,000 Repaid a 6-year note payable in the amount of $660,000 Paid cash for interest accumulated on borrowings of $15,000 What is the net cash provided (used) by financing activities? O $(285,000) O $(378,000) O $(330,000) $345,000 O $(315,000) Cathy Company operates a cleaning service. The grid below is a list of possible effects on the Income Statement and the Balance Sheet. The code is: += increase; decrease; NE = no effect. Revenue Expense Net Income Assets Liabilities Equity 1. NE +1,000 -1,000 -1,000 NE -1,000 NE +300 III. NE NE IV. NE +1,000 V. NE +700 -300 NE -1,000 -700 -1,000 -700 -300 -300 -300 NE -700 +300 -1,000 -1,000 -300 -700 Match the effect that the transaction below would have on Cathy Company's Income Statement and Balance Sheet. Choose (I), (II), (III), (IV), or (V) from the grid. For example, if the transaction were "Paid $300 due on accounts payable," the correct answer would be (III) because there is no effect on revenue, expense, and net income; a $300 decrease in assets and liabilities; and no effect on equity. Transaction: The Company received and immediately paid a utility bill for $1,000. $700 of the bill related to utilities consumed in the current period, and $300 of the bill related to utilities consumed in a prior period. (Assume that the appropriate adjusting entry was made at the end of the prior period for the $300 utilities used)