Your answer is partially correct Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance then enter with negative sign preceding the number e.g.-15,000 or parentheses e.s. (15,000).) Net Income Cash $0 -$135 a. Purchased $135 of supplies for cash. b. Recorded an adjusting entry to record use of $20 of the above supplies tas HOME 31 1297 c. Made sales of $1,370, all on account d. Received $800 from customers in payment of their accounts 865 2528 e. Purchased equipment for cash, $2,600. 610 1. Recorded depreciation of building for period used, $500