Use the T account for Cash below to record the portion of each of the following transactions

Question:

Use the T account for Cash below to record the portion of each of the following transactions that affect cash. How do these transactions affect the company's liquidity?

Jan. 2 Provided services for cash, $1,200
..... 4 Paid expenses in cash, $700
..... 8 Provided services on credit, $1,100
..... 9 Incurred expenses on credit, $800