and the contain both an increase and a decrease along with

and the contain both an increase (+) and a decrease (-) along with the dollar amounts. The first transaction is completed as an example. identify how each tr activities, and cash flows from financing activities Total 8 Provides $400

Solution

Transactions Balance Sheet Income Statement Statement of Cash Flows Total Assets Total Liabilities Total Equity Net Income Operating Activities Investing Activities Financing Activities 1 Owner invests $900 cash in business in exchange of stock                  900.00                  900.00                  900.00 2 Receives $700 cash for services provided                  700.00                  700.00                  700.00                  700.00 3 Pays $500 cash for employee wages                (500.00)                (500.00)                (500.00)                (500.00) 4 Incurs $100 legal costs on credit                  100.00                (100.00)                (100.00)                            -                              -                              -   5 Purchases $200 of supplies on credit                  200.00                  200.00                            -                              -                              -                              -                              -   6 Buys equipment for $300 Cash                  300.00 Equipment                            -                              -                              -                              -                  (300.00)                            -                  (300.00) Cash                            -                              -                              -                              -                              -                              -   7 Pays $200 on Acciunts Payable                (200.00)                                           -                  (200.00)                            -                              -                  (200.00)                            -                              -   8 Provides $400 services on credit                  400.00                                           -                              -                    400.00                  400.00                            -                              -                              -   9 Pays $50 cash for dividends                  (50.00)                  (50.00)                            -                              -                    (50.00) 10 Collects $400 cash on accounts Receivables                  400.00 CAsh                            -                              -                              -                    400.00                            -                              -                  (400.00) Accounts Receivable                            -                              -                              -                              -                              -                              -