For the following transaction of XYZ Inc. during the month o…

For the following transaction of XYZ Inc. during the month of March: Purchased Machinery by issuing Notes Payable Indicate how the following are affected at the time of the transaction (for each choose among the 3: I=increase, D=decrease, and N=no effect).       Assets [1] Liabilities [2] Net Income [3] Cash flow [4]          

The following amounts were reported for Saturn Inc. at the e…

The following amounts were reported for Saturn Inc. at the end of the first year of operations   Common stock $ 200,000   Sales revenue $ 800,000   Total assets $ 600,000   Dividends declared $ 40,000   Total liabilities $ 320,000     What amount of expenses were incurred during the year?