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Analyzing Transactions and Adjustments Using the Financial Statement Effects Template Werner Realty Company began the month with the following balance sheet. Cash $24,000 Liabilities $72,000 Noncash assets 180,000 Contributed capital 36,000 Earned capital 96,000 Total assets $204.000 Total liabilities and equity $204,000 Following are summary transactions that occurred during the current month. 1. The company purchased 54,800 of supplies on credit. 2. The company received $6,400 cash from a new customer for services to be performed next month. 3. The company paid $4,800 cash to cover office rent for two months (the current month and the next). 4. The company billed clients for $20,000 of work performed 5. The company paid employees $4,800 cash for work performed. 6. The company collected $20,000 cash from accounts receivable in transaction 4 7. The company recorded $3,200 depreciation on its equipment. 8. At month-end, $1,600 of supplies purchased in transaction 1 are still available: no supplies were available when the month be a. Record the effects of each transaction using the financial statement effects template. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used fc Note: Indicate a decrease in an account category by including a negative sign with the amount Balance Sheet MacBook Pro Transaction Cash Asset Noncash Assets Balance Sheet Liabilities Contrib. Capital . 2 . . a . 3 . . . 4 . . 5 . . 5 7. . . . . . Transaction Cash Asset Noncash Assets Balance Sheet Liabilities Contrib. Capital . 2 . . a . 3 . . . 4 . . 5 . . 5 7. . . . . . Werner Realty Company Income Statement For Current Month Sales revenues Total expenses Net income s Werner Realty Company Retained Earnings Reconciliation For Current Month Retained earnings, beginning of months Add: Net income Less: Dividends Retained earnings, end of month 5 Werner Realty Company Balance Sheet Current Month-End Cash $ Liabilities 5 Noncash assets Contributed capital Retained earnings Total equity Total assets s Total liabilities and equity s $ $