Req A Req B to E Show the effects of the transactions on the accounting equation/financial statements. (Enter any decreases to account balances with a minus sign. Leave cells blank if the effect. Do not enter amounts in the black cells.) LEGAL EAGLES ACCOUNTING EQUATION/FINANCIAL STATEMENTS Year 1 Stockholders' Equity Assets Liabilities Income Statement Event Cash Accounts Receivable Accounts Payable Salaries Revenue Expense Net Income Payable 1. + 77,000 + + 77,000 77,000 77,000 2. + + + 3. + + + 4. + 5. + 6. + + + 7. + + + 8. + + + Totals 0+ 77,000 0+ 0+ 77,000 77,000 0 77,000 < Req A Req B to E >