Consider the Effects of the Independent Transactions, a Through G

Short Answer

Consider the effects of the independent transactions, a through g, on a company's balance sheet, income statement, statement of cash flows, and statement of stockholders' equity.
a. The company issued stock in exchange for cash.
b. The company paid cash for rent.
c. The company performed services for clients and immediately received cash.
d. The company performed services for clients and sent a bill with payment due in 30 days.
e. The company compensated its employees with cash for wages.
f. The company received cash as payment on the amount owed from clients.
g. The company paid cash in dividends.
Complete the table below to explain the effects and financial statement linkages. Use "+" to indicate the account increases and "-" to indicate the account decreases.