7 1 48 points Skipped eBook 0 Files Print 5 References

Last updated: 2/19/2023

7 1 48 points Skipped eBook 0 Files Print 5 References Exercise 2 31A Static Identifying transaction type and effect on the fl Required Identify whether each of the following transactions is an asset source AS asset use AU CE Also show the effects of the events on the financial statements using the horizontal st Increases 1 or decreases D each element of the financial statements If an event Increas account equally within the same element record I D For events that do not effect the finar Cash Flows column designate the cash flows as operating activities OA Investing activiti that do not affect the cash flow leave the cell blank The first two transactions have been require entry a Provided services and collected cash b Purchased supplies on account to be used in the future c Pald cash in advance for one year s rent d Pald cash to purchase land e Pald a cash dividend to the stockholders f Received cash from the issue of common stock g Pald cash on accounts payable h Collected cash from accounts receivable 1 Received cash advance for services to be provided in the future J Incurred other operating expenses on account k Performed services on account 1 Adjusted books to reflect the amount of prepaid rent expired during the period m Pald cash for operating expenses n Adjusted the books to record the supplies used during the period n Recorded accrued salarles