The following business events were taken from transactions of a medium size firm in November 2022. Please fill the…

The following business events were taken from transactions of a medium size firm in November 2022. Please fill the…

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The following business events were taken from transactions of a medium size firm in
November 2022. Please fill the blank spaces with correct records that show the impacts
of every transaction on the key accounts in the financial position of a firm (assets,
liabilities, and equities).
Dates
2/11/2022
Dates
Transaction
The owner provided a car
for his company as part of
his business commitment.
($ 10,000)
Transaction
2/11/2022 The owner transferred
$9,000 to his company’s
bank account
4/11/2022 The firm got a credit
Example:
transfer of $2,000 from a
bank, as a loan
Assets
(Increase or
decrease) in
$
$10,000
(increase)
Transactions:
Assets
(Increase or
decrease) in
$
******************
Liabilities
(Increase or
decrease) in
$
Liabilities
(Increase or
decrease) in
$
Equities
(Increase or
decrease) in $
$10,000
(increase)
Equities
(Increase or
decrease) in $ 7/11/2022 The firm received an
electrical bill ($700) and
will bepaid in 2 months
10/11/2022 The firm purchased 2 tons of
sugar as inventory for
$5,000. Paid in cash $1,000
and the remaining amount
was settled in 20/11/2022
20/11/2022 The firm paid in cash to
settle the transaction that
occurred on 10/11/2022.
21/11/2022 A trade receivable, who
owes $7,000, made a part
payment of $6,000.

Expert Answer:

Answer rating: 100% (QA)

The breakdown of the financial impact for each transaction are as follows Transactions Date Transact
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