Question

в Opeye Chapter 2 HW Navigation DEDODDI Finish attempt eBook Question 3 Not complete Marked out of 100 P Flag question Analyzing Transactions using the Financial Statement Effects Template Report the effects for each of the following independent transactions using the financial statement effects template. If no entry should be made, leave answer fields blank. Remember to use negative signs with your answers, when appropriate Balance Sheet Income Statement Noncash Amets Earned Cash Asset - Transaction (Borrow $2,300 from local bank Pay 5.100 insurance premium for coverage for following year. Purchase velice for E54,400 cash Purchase and receive (4,250 of office supplies on account de paysuperlaten Del Place order for 1,700 of additional supplies to be delivered next month Liabilities + 0 0. 0+ Capital 0 0 . 0. 0. D Contributed Capital . 0 0 - 0 0 + 0 0 - 0 Revenue Expenses - Net Income 0 O 0 0 0 0 0 0 0 O- 0+ D 0 Check eBook Print Marked out of 1.00 Pag question G Search or type URL A $ 4 % 5 2 3 6 7 8 9 0 A w E R. P

Answer 1

BALANCE SHEET

INCOME STATEMENT

TRANS.	CASH ASSET	+	NON CASH	=	LIAB.	+	CONTRI. CAPTIAL	+	EARNED CAPTIAL	REVEN.	-	EXPENSE	-	NET INCOME
a)	32300				32300
b)	-5100											5100
c)	-54400		54400
d)					4250							4250
e)	0		0		0		0		0	0		0		0

NOTE:- PLACING AN ORDER DOES NOT AFFECT ANY INCOME STAMENT AND BALANCE SHEET ITEM THAT'S 0 IS PUT IN EACH COLUMN