Consider the following events or transactions: 1. Delivered groceries and received a personal…

Consider the following events or transactions: 1. Delivered groceries and received a personal check. 2. Took a taxi and paid the fare. 3. Gave a refund for defective merchandise. 4. Recorded depreciation. 5. Sold a building,received a note receivable in exchange,and recorded a gain. 6. Made a donation to the Youth Services Community Foundation. 7. Received proceeds of a bank loan. 8. Received title to a classic Corvette in settlement of a customer’s account. 9. Returned merchandise to a supplier for credit. 10. Traded in a used truck and acquired a new truck with the balance owed on account. 11. Found securities in the bottom of an old trunk in the attic that are now worth $100,000. 12. Filed an insurance claim for water damage to inventory. 13. Recorded a loss due to water damage. 14. Received a refund from a supplier who had been overpaid. Required a. Show the effects on cash of each transaction or event,using the format below: b. Show the effects of each transaction or event on revenues or expenses,using a similar format:

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