Problem $1-1$A $($Static$)$ Identifying effects of transactions on financlal statements LO P$1$

dentify how each of the following separate transactions $1$ through $10$ affects financial statements. The cells contain the numbers along kith their impacts $($lncrease $+.$ Decrease $-,$ and both $\backslash (+/-\backslash )).$ Select the appropriate amount from the cells that describes the transactions. he first transaction is completed as an example.

lequired:

$0.$ For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income.

b$.$ For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & & & & & & b$.$ & $\backslash \backslash$

$\backslash$hline Transaction & & alance She & & Income & Statem & ent of Cash & Flows $\backslash \backslash$

$\backslash$hline & Total Assets & Total Liabilities & Total Equity & Net Income & Operating Activities & Investing Activities & Financing Activities $\backslash \backslash$

$\backslash$hline $1.$ Owner invests $\backslash (\backslash$$ $900\backslash )$ cash in business & $+900$ & & $+900$ & & & & $+900\backslash \backslash$

$\backslash$hline $2.$ Receives $\backslash (\backslash$$ $700\backslash )$ cash for services provided & $+/-900$ & & & & & & $\backslash \backslash$

$\backslash$hline $3.$ Pays $\backslash (\backslash$$ $500\backslash )$ cash for employee wages & $+/-100$ & & & & & & $\backslash \backslash$

$\backslash$hline $4.$ Buys $\backslash (\backslash$$ $100\backslash )$ of equipment on credit & $+100$ & & & & & & $\backslash \backslash$

$\backslash$hline $5.$ Purchases $\backslash (\backslash$$ $200\backslash )$ of supplies on credit & $-200$ & & & & & & $\backslash \backslash$

$\backslash$hline $6.$ Buys equipment for $\backslash (\backslash$$ $300\backslash )$ cash & $-100$ & & & & & & $\backslash \backslash$

$\backslash$hline $7.$ Pays $\backslash (\backslash$$ $200\backslash )$ on accounts payable & $-700$ & & & & & & $\backslash \backslash$

$\backslash$hline $8.$ Provides $\backslash (\backslash$$ $400\backslash )$ services on credit & $+300$ & & & & & & $\backslash \backslash$

$\backslash$hline $9.$ Owner withdraws $\backslash (\backslash$$ $50\backslash$mathrm$\{$cash$\}\backslash )$ & $+400$ & & & & & & $\backslash \backslash$

$\backslash$hline $10.$ Collects $\backslash$$$400$ cash on accounts receivable & $+400$ & & & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$