Question: options are decrease, increase, or no effect Presented below is a list of possible transactions. Analyze the effect of the 18 transactions on the financial


Presented below is a list of possible transactions. Analyze the effect of the 18 transactions on the financial statement categories indicated. Textbook and Media Attempts: 0 of 3 used 7. Recorded wage expense of $35,000. The cash paid was $25,000; the difference was due to various amounts withheld. 8. Recorded employer's payroll taves. 9. Accrued accumulated vacation pay. 10. Recorded bonuses due to employees. 11. Sold gift cards totaling $7,000. 12. Recorded a contingent loss on a lawsuit that the company will probably lose. 13. Moorued watranty expense 14. Paid warranty costs that wore acouved in item 13 Abom
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