Prepare an answer sheet with the column headings shown here For each of the following transactions or adjustments, indicate the effect of The transaction or adjustment on the appropriate balance sheet category and on net income by entering for each account anected the account name and amount and indicating whether itis an addition or a subtraction Transaction a has been done as an ilustraton. Net income is not afected by every transaction. cases only one column may be affected because all of the specific accounts afected by the transaction are included in that category Accrued interest come of$30 on a note receival Recorded onimatod bad d the amount of $775. c Wrote off an overdue account le $542. Converted a customers $1,300 overdue account receivable into a note. Accrued $54 of the note (ind) Collect the accrued interest ine). Recorded $3,300 of salea, 85% of which the amount $2640, Recognized cost of goods sol Trans Current Assets Current Liabilities Stockholders Equity Net Income a Intorost nooolvable -30 Interest noorme +30