Show how each of the following transactions affects the basic accounting equation by preparing a table like the one in Exhibit 2-3, and identify the ones that have an immediate impact on the statement of income and/or the statement of cash flows:

Exhibit 2-3

a. Bought parts inventory for $15,000, on account. (The company repairs and services vehicles, and will use these parts for repairs.)
b. Paid $12,000 to suppliers as partial payment for the purchases that were made in transaction €œa.€
c. Received $20,000 in cash for repairing and servicing vehicles; another $5,000 of work was done on account.
d. Collected $3,000 from customers for the work that was done on account in transaction €œc.€ The balance remains outstanding.
e. In the repair work done in transaction €œc,€ $10,000 of the parts and supplies inventory was used.
f. The owners of the company invested a further $25,000 in the business, and 10,000 additional common shares were issued to them.
g. Received utility (electricity, water, and telephone) bills for the month that totalled $600. Paid all these bills except for $100 that will be paid next month.
h. Borrowed $50,000 from the bank.
i. Bought a vehicle hoist for $45,000.
j. Paid the employees their wages for the month, $9,000.
k. Recorded accrued interest of $200 on the bank loan. The interest will be paid when the loan is due, in one year.

ASSETS LIABILITIES +S/H EQUITY Bank Interest LoanCommon RetainedR/E A/P Payable Payable Shares Earnings DD Prepaid Date Cash A/R Inv. Ins. Equip. Land Jan. 250,000 Jan. 1 100,000 Jan. 1 (1,100) Jan. 1 (65,000) Jan. 1 (1,800) Jan. 6 (180,000) 250,000 100,000 (1,100) E 65,000 1,800 180,000 Jan. 10 23,000 23,000 Jan. 12: 1 21,000 13,000 Jan. 12: 2 34,000 R (17,000)IE (17,000) Jan. 20 11,000 (11,000) Jan. 22 (13,500) Jan. 251,900) Jan. 262,200) Jan 28 2,900) Jan. 31 (400) (13,500) (1,900)E (2,200 E (2,900 E Jan. 31 Jan. 31 Jan. 31 (400) DD (850) E (150) E (500) E (850) (150) 500 113,200 2,000 6,000 1,650 64,150 180,000 367,000 9,500 500 100,000 250,000 7,000 367,000