Chapter 1, Problem 1PSA

Identify how each of the following separate transactions 1 through 10 affects financial statements. For increase place a “+” and the dollar amount in the column of columns For decreases, place a “-“ and the dollar amount in the column of columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example.
Required

1. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income.
2. For the statement of each flows identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.