Libby Inc has provided the following information pertaining to the month ended October 31, 2014



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Date15.11.2021
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Seminar task

Problem 1

Part A. Demonstrate the transaction analysis for QWE 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.

   




Problem 2

Libby Inc. has provided the following information pertaining to the month ended October 31, 2014:

   





Prepare an income statement through operating income for the month ended October 31, 2014. 

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