Question: Answer is not complete. a. b. Balance Sheet Statement of Cash Flo Income Statement Net Income Transaction Total Assets Total Liabilities Total Equity +400 Operating

Answer is not complete. a. b. Balance Sheet Statement of Cash

Answer is not complete. a. b. Balance Sheet Statement of Cash Flo Income Statement Net Income Transaction Total Assets Total Liabilities Total Equity +400 Operating Activities Investing Activities 1. Owner invests $400 cash in business in exchange for stock +400 2. Receives $200 cash for services provided +200 +200 +200 +200 3. Pays $320 cash for employee wages -320 -320 -320 -320 4. Buys $450 of equipment on credit +450 +450 5. Purchases $550 of supplies on credit +550 +550 6. Buys equipment for $650 cash +/-650 -650 7. Pays $490 on accounts payable -490 -490 -490 8. Provides $690 services on credit +690 +690 9. Pays $340 cash for dividends -340 -340 10. Collects $715 cash on accounts receivable +/-715 +715 1

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