Brief Exercise 4-1 Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance then enter with negative sign preceding the number e.g.-15,000 or parentheses e.g. (15,000).) (a) Purchased $152 of supplies for cash. (b) Recorded an adjusting entry to record use of $21 of the above supplies (c) Made sales of $1,232, all on account. (d) Received $795 from customers in payment of their accounts (e) Purchased equipment for cash, $2,688. (1) Recorded depreciation of building for period used, $713. Click if you would like to Show Work fer this question Oen Show Wor -152 $0 Brief Exercise 4-5 At the end of its first year, the trial balance of Boyer Company shows Equipment $22,500 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,220. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Post the adjustments to T-accounts. Depreciation Expense Equipment Indicate the balance sheet presentation of the equipment at December 31. Boyer Company Balance Sheet Click if you would e to Show Work for this question Oeen Show work