Please fill in the grid below Part I: Indicate on the chart below...
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Accounting
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Part I: Indicate on the chart below which of the following balance sheet and income statement categories are affected by the above transactions: assets (A), liabilities (L), equity (E), gross profit (GP), operating income (OI), and net income (NI). Ignore the impact of income taxes. + Transaction Example: Earned and received $233 in interest income. Balance sheet A L E +233 0 +233 Income statement GP OI NI 0 0 +233 1) Recognized $213 of prepaid expenses as sales and marketing expense in the period. 2) Recognized $2,745 in revenue for goods sold. Payment had previously been received for the goods.The goods were originally purchased for $575
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