Part A Perform Transaction Analysis for Blake Company Regarding the Following

question 37

Essay

Part A. Perform transaction analysis for Blake Company regarding the following transactions for the month of March. Indicate the account affected by the transaction as well as the increase (+) or decrease (-) to the components of the accounting equation and the amount.
Part B. Determine whether the transactions A-F above affected cash flows during March. If so, determine the type of activity as an operating activity, an investing activity, or a financing activity. If cash is not affected use "no effect." Place an X under the appropriate column for each transaction.

A.
A.Collected $2,000 on accounts receivable.
A.Perform transaction analysis for Blake Company regarding the following transactions for the month of March.Indicate the account affected by the transaction as well as the increase (+) or decrease (-) to the components of the accounting equation and the amount.Transaction
Assets
Liabilities
Stockholders' Equity
Account
Amount
Account
Amount
Account
Amount
Ex.Paid wages for two weeks in March.The total cash paid was $500.Cash
-$500
Wage expense
-$500
B.
B.Services were completed for customers.A total of $1,500 was billed but none of it was received in March.

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Definitions:

British Commanders

Military leaders from Britain who played significant roles in various conflicts, including during the Revolutionary War and the War of 1812 against the United States.

Hold on the South

A phrase indicating a strong influence or control over the southern United States, often used in historical contexts such as politics or social norms.

Benedict Arnold

An American military officer who served during the Revolutionary War before defecting to the British side in 1780.

Fort Ticonderoga

A historic fort in New York that played a strategic role in the American Revolutionary War after being captured by American forces in 1775.