Analyzing Transactions using the Financial Statement Effects Template Report the effects for each of the following independent transactions using the financial statement effects template. If no entry should be made, leave answer fields blank. Remember to use negative signs with your answers, when appropriate. Record the net increase (decrease) for a transaction category, when needed. Balance Sheet Income Statement Noncash Assets Earned Capital Cash Asset + = Contributed Capital Liabilities + + Revenue - Expenses = Net Income + + + + + + Transaction (a) Receive merchandise inventory costing $9,000, purchased with cash. (b) Sell half of inventory in (a) for $7,500 on credit. (c) Place order for $5,000 of additional merchandise inventory to be delivered next month. (d) Pay employee $4,000 for compensation earned during the month. (e) Pay $7,000 rent for use of premises during the month. (f) Receive full payment from customer in part (b). + + + + + + + + + + + +