Learnings Objective $3-2$: Analyzing the following transactions using the Financial Statement Effects Template:

$*$Note: Enter positive number for an increase and negative number for a decrease; Enter $"0"$ if there is no effect in that account.

Transactions:

Issue common stock for $$3,000$ cash

Purchase inventory for $$8,000$ on credit

Issue long$-$term debt for $$10,000$ cash

Pay $$15,000$ cash for PP&E

Pay $$500$ cash for salaries

Pay $$2,500$ cash toward accounts payable

Pay $$100$ cash for dividends

$\backslash$table$[[$Balance Sheet,Income Statement,$],[,$ansaction,$\backslash$table$[[$Cash$],[$Asset$]],\backslash$table$[[$Joncash $=],[$Assets$]],$Liabilities,Contrib. Capital,Earned Capital,,ses,$n-=N{e}_{\text{I}\text{n}\text{c}\text{o}},,],[,$Cash Assets,$+,$Non$-$Cash Assets,$=,$Liabilities,$+,$Contributed Capital,$+,\backslash$table$[[$Earned$],[$Capital$]],$Revenues,$-,$Expenses,$=,$Net Income$],[1,-3,000,,$type your,,type you,,type your an$,,$type your:,type you,,type your,,type your$],[2,-8,000,,$type your,,type you,,type your an$,,$type your :$,$type you,,type your,,type your$],[3,-10,000,,$type your,,type you,,type your an$,,$type your:,type you,,type your,,type your$],[4,$type your,,$-15,000,,$type you,,type your an$,,$type your :$,$type you,,type your,,type your$],[5,-500,,$type your,,type you,,type your an$,,$type your :$,$type you,,type your,,type youl$],[6,-2,500,,$type your,,type you,,type your an$,,$type your :$,$type you,,type your,,type your$],[7,$type your,,$-100,,$type you,,type your an$,,$type your:,type you,,type your,,type youl$]]$