Question $22(8$ points$)$

On January $17,$ Wild Crumb received a bill for $$850$ from an electrician for services they provided that day. Wild Crumb plans to pay the bill next month.

In the first blank box, write the effect of the transaction on January Net Income $($Amount AND Increase$/$Decrease OR No Effect$).$

In the second blank box, write the effect of the transaction on January Cash $($Amount AND Increase$/$Decrease OR No Effect$).$

Blank # $1$ :

Blank # $2$ :

Question $23(8$ points$)$

Wild Crumb offers baking classes on the weekends. Wild Crumb charged a total of $$28,000$ for classes provided during January, of which customers paid $$20,000$ in cash and paid the remainder on account $($i$.$e$.,$ the customers will pay the remaining $$8,000$ in the future$).$

In the first blank box, write the effect of the transaction on January Net Income $($Amount AND Increase$/$Decrease OR No Effect$).$

In the second blank box, write the effect of the transaction on January Cash $($Amount AND Increase$/$Decrease OR No Effect$).$

Blank # $1$ :

Blank # $2$ :

Question $24(8$ points$)$

On January $20,$ Wild Crumb paid $$14,000$ cash for an insurance policy. The insurance coverage begins the following month on February $1.$

In the first blank box, write the effect of the transaction on January Net Income $($Amount AND Increase$/$Decrease OR No Effect$).$

In the second blank box, write the effect of the transaction on January Cash $($Amount AND Increase$/$Decrease OR No Effect$).$

Blank # $1$ :

Blank # $2$ :

Question $25(8$ points$)$

On January $31,$ Wild Crumb paid $$15,000$ to employees for work performed during the month of January.

In the first blank box, write the effect of the transaction on January Net Income $($Amount AND Increase$/$Decrease OR No Effect$).$

In the second blank box, write the effect of the transaction on January Cash $($Amount AND Increase$/$Decrease OR No Effect$).$

Blank # $1$ :

Blank # $2$: