BE4-1 Transactions that affect earnings do not necessarily affect cash. Identify the ef- fect, if an

Feb 3rd, 2012
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BE4-1 Transactions that affect earnings do not necessarily affect cash. Identify the ef- fect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. Net Cash Income (a) Purchased $100 of supplies for cash.  $100 $ 0 (b) Recorded an adjusting entry to record use of $20 of the above supplies. (c) Made sales of $1,300, all on account. (d) Received $800 from customers in payment of their accounts. (e) Purchased equipment for cash, $2,500. (f) Recorded depreciation of building for period used, $60

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