Question: Indicate on the chart below how current assets (CA), non-current assets (NCA), current liabilities (CL), non-current liabilities (NCL), and equity (E) are affected by each

Indicate on the chart below how current assets (CA), non-current assets (NCA), current liabilities (CL), non-current liabilities (NCL), and equity (E) are affected by each of the transactionn

Transaction Assets Liabilities SE
CA NCA CL NCL
Example: Prepaid marketing expenses of $2,150 0 0 0 0 0
1) Paid general and administrative costs of $7,100 that had been accrued as liabilities.
2) Purchased $205 of short-term Investments.
3) Received $9,215 advances from customers for support and maintenance services to be delivered early next year.
4) Purchased $6,789 of inventories on account from vendors.
5) Purchased $411 of equipment on account from vendors.
6) Collected $7,999 of short-term financing receivables.
7) Paid the vendor for equipment invoice (see transaction 5).
8) Paid $6,214 of accounts payable.

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