need help with 2 questions pleaseeeee

QUESTIONS \#1 (8 marks) Choose the appropriate definition for the terms below. a revenues less expenses b a statement summarizing the revenues and expenses for a given period c resources that provide future economic benefits to a business d claims by outsiders on the resources of a business e a business owned by shareholders f shows the net change in the cash account for a given period g a formal listing of the accounting equation on a specified date h a business owned by a single owner 1. corporation 2. cash flow statement 3. income statement 4. net income 5. proprietorship 6. balance sheet 7. liabilities 8. assets QUESTION \#2 (21 marks) Below are transactions for Red Fin Corporation during their first month of operations. a. Owner invested $300,000 cash and gave a building with a value of $650,000 to the business and received common shares in return. b. Purchased office supplies on account, $260. c. Performed services for a customer on account, $3,500. d. Purchased a piece of equipment by paying $200,000 down and signing a note for the remainder of $600,000. e. Performed services for a customer and immediately collected $4,500 cash. f. Employees worked and were not paid for salaries worth $3,600. Prepare journal entries for Red Fin Corporation. Note this is the company's first month of operations