I need to resolve both P exercises as practice but I don't understand it. Classify transactions asE3-18 Review the transactions listed in E3-1 for Warner Advertising Company and clas-or if no cash is exchanged, as a noncash event.sify each transaction as either an operating activity, investing activity, or financing activity, cash-flow activities.(LO 9), APE3-19 Review the transactions listed in E3-3 for Persinger Corp. and classify each trans-action as either an operating activity, investing activity, or financing activity, or if no cashis exchanged, as a noncash event.Exercises: Set B andChallenge ExercisesVisit the book's companion website, at www.wiley.com/college/kimmel, and choose theStudent Companion site to access Exercise Set B and Challenge Exercises.Problems: Set AP3-1A On April 1, DeDonder Travel Agency Inc. was established. These transactionswere completed during the month.1. Stockholders invested $30,000 cash in the company in exchange for common stock.2. Paid $900 cash for April office rent.3. Purchased office equipment for $3,400 cash.4. Purchased $200 of advertising in the Chicago Tribune, on account.5. Paid $500 cash for office supplies.6. Performed services worth $12,000. Cash of $3,000 is received from customers, and thebalance of $9,000 is billed to customers on account.7. Paid $400 cash dividends.8. Paid Chicago Tribune amount due in transaction (4).9. Paid employees' salaries $1,800.10. Received $9,000 in cash from customers billed previously in transaction (6).P3-2A Nina Finzelberg started her own consulting firm, Finzelberg Consulting Inc., onMay 1, 2014. The following transactions occurred during the month of May.May 1Stockholders invested $15,000 cash in the business in exchange for commonstock.Paid $500 for office rent for the month.Purchased $500 of supplies on account.Paid $150 to advertise in the County News.Received $1,400 cash for services performed.Paid $200 cash dividend.InstructionsTotal assets(a) Prepare a tabular analysis of the transactions using these column headings: Cash, (a) CashAccounts Receivable, Supplies, Equipment, Accounts Payable, Common Stock, andRetained Earnings (with separate columns for Revenues, Expenses, and Dividends).Include margin explanations for any changes in Retained Earnings.(b) From an analysis of the Retained Earnings columns, compute the net income or netloss for April.235912151720232629Performed $4,200 of services on account.Paid $2,500 for employee salaries.Paid for the supplies purchased on account on May 3.Received a cash payment of $1,200 for services performed on account onMay 15.Borrowed $5,000 from the bank on a note payable.Purchased office equipment for $2,000 paying $200 in cash and the balanceClassify transactions ascash-flow activities.(LO 9), APon account.Paid $180 for utilities.Analyze transactions andcompute net income.(LO 1), APGLSXLSGLSAnalyze transactions andprepare financial statements.(LO 1), AP$34,800$38,70030Instructions(a) Show the effects of the previous transactions on the accounting equation using the (a) Cashfollowing format. Assume the note payable is to be repaid within the year.Total assets$18,270$23,770

Name: I need to resolve both P exercises as practice but I don't understand
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Description: I need to resolve both P exercises as practice but I don't understand it. Classify transactions asE3-18 Review the transactions listed in E3-1 for Warner Advertising Company and clas-or if no cash is exchanged, as a noncash event.sify each transactio