1.The analytical framework used to evaluate transactions is reproduced below:

Cash

+

Non-Cash

Assets

=

Liabilities

+

Contributed

Capital

+

Accumulated Other

Comprehensive

Income

+

Retained

Earnings

Using this analytical framework indicate the effect of each of the following transactions for TX Corporation:

a.

TX Corporation purchased marketable securities for $150,000 for cash.

b.

At the end of the period TX Corporation revalued the securities to $125,000.

c.

During the next period TX Corporation sells the securities for $165,000

2.The analytical framework used to evaluate transactions is reproduced below:

Cash

+

Non-Cash

Assets

=

Liabilities

+

Contributed

Capital

+

Accumulated Other

Comprehensive

Income

+

Retained

Earnings

Using this analytical framework indicate the effect of each of the following transactions for Wisco Corporation:

1.

Wisco sold merchandise for $225,000 on account which cost $170,000 to manufacture.

2.

Wisco purchased for cash $110,000 of raw material inventory.

3.

The company paid $25,000 in advance for an advertising campaign that would be aired next year.

4.

Wisco paid its employees $15,000 for the month.

5.

The company purchased $7,000 of supplies on account.

6.

Wisco issued $25,000 of long-term debt.

7.

The company used $10,000 of excess cash to purchase marketable securities.

8.

Wisco purchased a machine for $22,000 in cash.

9.

At the end of the year Wisco paid dividends of $5,000.

10.

At the end of the year the marketable securities that Wisco purchased in transaction 7 were now worth $11,500.

11.

Depreciation for the period was $1,500.

1. The analytical framework used to evaluate transactions is reproduced below: Cash + Non-Cash Assets = Liabilities + Contributed Capital + Accumulated Other + Retained Comprehensive Earnings Income Using this analytical framework indicate the effect of each of the following transactions for TX Corporation: a. b. c. TX Corporation purchased marketable securities for $150,000 for cash. At the end of the period TX Corporation revalued the securities to $125,000. During the next period TX Corporation sells the securities for $165,000 2. The analytical framework used to evaluate transactions is reproduced below: Cash + Non-Cash Assets = Liabilities + Contributed Capital + Accumulated Other + Retained Comprehensive Earnings Income Using this analytical framework indicate the effect of each of the following transactions for Wisco Corporation: 1. 2. 3. Wisco sold merchandise for $225,000 on account which cost $170,000 to manufacture. Wisco purchased for cash $110,000 of raw material inventory. The company paid $25,000 in advance for an advertising campaign that would be aired next year. 4. Wisco paid its employees $15,000 for the month. 5. The company purchased $7,000 of supplies on account. 6. Wisco issued $25,000 of long-term debt. 7. The company used $10,000 of excess cash to purchase marketable securities. 8. Wisco purchased a machine for $22,000 in cash. 9. At the end of the year Wisco paid dividends of $5,000. 10. At the end of the year the marketable securities that Wisco purchased in transaction 7 were now worth $11,500. 11. Depreciation for the period was $1,500