Question: CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 4 Not yet answered Marked out of 1.00 Analyzing Transactions Using the Financial Statement Effects Template Record the

CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 4 Not yet answered Marked out of 1.00 Analyzing Transactions Using the Financial Statement Effects Template Record the effect of each of the following independent transactions using the financial statements effects template provided. Confirm that Assets-Liabilities+ Equity for each transaction. P Flag question tion Balance Sheet Income Statement Earned Transaction Liabilities Contributed Cash Asset + Revenue Expenses Net Income Assets Capital Capital (1) Receive 5O,000 in exchange for common (2) Borrow 10,000 from bank. (3) Purchase 2,000 of supplies inventory on (4) Receive 15,000 Cash from customers for services provided. (5) Pay 2,000 cash to supplier in transaction 3 (6) Receive order for future services with 3,500 advance payment. 7) Pay 5,000 cash dividend to (8) Pay employees 6,000 cash for compensation (9) Pay 500 cash for interest on loan in Totals
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