AP$3-$AP$3-3($Static$)$ Determining Financial Statement Effects of Various Transactions and Identifying Cash Flow Effects LO$3-4,3-7$

The TJX Companles, Incorporated, parent company of T$.$J$.$ Maxx, Marshalls, Homegoods, and others, is "the leading off$-$price apparel and home fashions retaller In the United States and worldwide," with over $4,500$ stores. The following activities were inferred from a recent annual report.

a$.$ Example: Incurred expenses; pald part in cash and part on credit.

b$.$ Pald Interest on long$-$term debt.

c$.$ Sold merchandise to customers on account. $($Indicate the effects of earning a revenue.$)$

d$.$ Provided merchandise Inventory to customers in $($c$)$ above. $($Indicate the effects of using products to generate revenue.$)$

e$.$ Sold equipment for cash for more than its cost.

f$.$ Collected cash on account.

g$.$ Used supplies.

h$.$ Repald long$-$term debt principal.

I. Recelved interest on Investments.

J$.$ Purchased equipment; paid part in cash and part on credit.

k$.$ Pald cash on account to suppliers.

I. Issued additional stock for cash.

m$.$ Pald rent to mall owners.

Required:

& $2.$ For each of the transactions, complete the tabulation, Indicating the effect $(+$ for Increase and $-$ for decrease, $\frac{+}{-}$ for Increase and decrease$)$ of each transaction. $($Remember that Assets $=$ Llabilitles $+$ Stockholders' Equity; Revenues $-$ Expenses $=$ Net Income; and Net Income affects Stockholders' Equlty through Retained Earnings.$)$ Also Indicate "Operating" or "Investing" or "Financing" as approprlate for each transaction. If there is no effect on an element of the financlal statements, then leave the cells empty. The first transaction is provided as an example.

Answer is not complete.

$\backslash$table$[[$Transaction$,$Balance Sheet,Income Statement,$\backslash$table$[[$Statement of$],[$Cash Flows$]]],[$Assets$,$Liabilities,$\backslash$table$[[$Stockholders$\text{'}],[$Equity$]],$Revenues,Expenses,$\backslash$table$[[$Net$],[$Income$]]],[$a$.,-,+,-,,+,-,$Operating$],[$b$.,-,0,,,,+,0,,$Operating$],[$c$.,+,0,,\backslash$gamma $,\backslash$sigma $,,+,0,],[$d$.,,,,,,,],[$e$.,,,\backslash$theta $,0,,0,$Investing$],[$f$.,,,,,,,$Operating$],[$g$.,-,\%,,,,+,0,-,$diamond,$],[$h$.,,-,$diamond,,,,,Financing$],[$i$.,+\backslash$gamma $,,\backslash$sigma $,\backslash$theta $,,\backslash$theta $,],[$j$.,,+0,,,,,$Investing$],[$k$.,-,0,-,0,,,,,$Operating$],[$I$.,,,\backslash$sigma $,,,,$Financing$],[$m$.,-,\backslash$gamma $,,\backslash$gamma $,,+,0,$o$.,$Operating$]]3($Static$)$ Determining Financial Statement Effects of Various Transactions and Identifying Cash Flow Effects LO$3-4,3-7$

The TJX Companies, Incorporated, parent company of T$.$J$.$ Maxx, Marshalls, Homegoods, and others, is "the leading off$-$price apparel and home fashions retailer in the United States and worldwide," with over $4,500$ stores. The following activities were inferred from a recent annual report.