Question 14 (3 points) Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the follow transactions would have on CASH. Example: Purchased $130 of supplies for cash. Answer: $130 1. Recorded an adjusting entry for using $3,000 of supplies purchased four months ago 2. Made sales of $25,000 on account 3. Received $17.000 from customers in payment of their accounts 4. Purchased equipment for cash, $102,000 5. Recorded depreciation on a building, $12,000 12 15 18 Question 15 (3 points) The following information relates to the Red Rock Ine at the end of 2020. Red Rock, Ine perform service such as mowing yards and tomong now Year-end December 31, 2000 1 An Imance premium of six.co was paid on March 1, 2020 and war charged to Prepaid furunce The premium cover 12 month period betinin March 2010 MacBook Air Bo 14 11 OGG 0884 19 73 FS 11 * A G 2 $m 4 n % a 5 & B 7 -O 3 6 4 8 2 9 6 II 24 O D C A T T ee Y U I O P & en V! E 7 RW I D F 91 e 2 KILA G H J a