Identify how the following separate transcations 1 through 10 affects financial statements.

Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. 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 operating activities, cash flows from investing activities, and cash flows from financing activities Income Statement Balance Sheet Statement of Cash Flows Total +900 +700 500 Total Assets Liabilities Equit Net Operating Investing Income Activities Activities Activities Total Financing Transaction +900 700 500 100 +900 1. Owner invests $900 cash in business 2. Receives $700 cash for services provided 3. Pays $500 cash for employee wages 4Incurs $100 legal costs on credit 5. Purchases $200 of supplies on credit 6. Buys equipment for $300 cash 7. Pays $200 on accounts payable 8. Provides $400 services on credit 9. Owner withdraws $50 cash 10. Collects $400 cash on accounts receivable +700 500 100 +700 500 +100 +200 t/-300 200 +400 50 +1-400 +200 300 200 +400 +400 50 50 +400