Chapter 1 Accounting in Business 38 Problem Set B, located ot the end of Problem Set A, is provided for eoch problem to reinforce the learning process Identify how each of the following separate transactions I through 10 aff increases, place a + and the dollar amount in the column or columns. I or decreases, place a and dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease along with dollar amounts. The first transaction is completed as an example roblem 1-1A entifying effects of ansactions on financialRequired atements a. For the balance sheet. Identify how each transaction affects total assets, total liabilities, and tot P1 uity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operatirn tivities, cash flows from investing activities, and cash flows from financing activities Balance Sheet Statement Statement of Cash Flows Total Total Total Net Operating Investing Financ Activit AssetsLiab.EquityIncome Activities AvilesAnvg Owner invests $900 cash in business in exchange for stock Recesives $700 cash for services provided Pays $500 cash for employee wages Incurs $100 legal costs on credit Purchases $200 of supplies on credit Buys equipment for $300 cash +900 +900 +900 Pays $200 on accounts payable Provides $400 services on credit Pays $50 cash for dividends Collects $400 cash on accounts receivable 1-2A g missing n using panies, Company Company Company( Company Co December 31, 2016