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The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $26,000 and receive cash. b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to employees for work performed during the month. Brief Exercise 2-10 (Algo) Part 1 1. Analyze each transaction. For each transaction, indicate by how much each category in the accounting equation increases or decreases. (Decreases to account classifications should be entered as a negative.) Transaction Assets (a) (b) (c) 2 = = = Liabilities + + + + Stockholders' Equity

The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $26,000 and receive cash b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to employees for work performed during the month Brief Exercise 2-10 (Algo) Part 1 1. Analyze each transaction. For each transaction, indicate by how much each category in the accounting equation increases or decreases. (Decreases to account classifications should be entered as a negative.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $26,000 and receive cash. b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to employees for work performed during the month. Brief Exercise 2-10 (Algo) Part 1 1. Analyze each tramyaction. For each transaction, indicate by how much each category in the accounting equation increases or decreases. (Decreases to account classifications should be entered as a negative.)

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