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Question #6.2: For each of the following independent cases: a) Record the transaction using the accounting...

Question #6.2: For each of the following independent cases:

a) Record the transaction using the accounting equation. Be specific about account names & $ amounts.

b) Indicate the effect of each transaction on the Statement of Cash Flow (SCF). Specify which section(s) of the SCF the transaction affects and in what direction. If there is no effect on the SCF, write “no effect”.

  1. Paid $13,000 to suppliers for earlier purchases made on account

Accounting Equation

Statement of Cash Flow

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