The following cash transactions took place during March, the first month of business for Cats and Dogs Company: D.C. Dawg started a business, Cats and Dogs Company, by contributing $6,000. The Cats and Dogs Company borrowed $2,000 from the bank on March 1. The note is a 1-year, 12% note, with both principal and interest to be repaid on February 28 of next year. The company earned $900 in revenue. Expenses amounted to $650. Distributions to owners amounted to $25. You are to complete the following tasks: Show how each cash transaction affects the accounting equation. Give one additional piece of information related to the transaction that could be recorded in an information system for a purpose other than the financial statements. Prepare the four basic financial statements for the month o .

1. The following cash transactions took place during March, the
first month of business for Cats and Dogs Company:
D.C. Dawg started a business, Cats and Dogs Company, by
contributing $6,000.
The Cats and Dogs Company borrowed $2,000 from the bank on
March 1. The note is a 1-year, 12% note, with both principal
and interest to be repaid on February 28 of next year.
The company earned $900 in revenue.
Expenses amounted to $650.
Distributions to owners amounted to $25.
You are to complete the following tasks:
Show how each cash transaction affects the accounting
equation.
Give one additional piece of information related to the
transaction that could be recorded in an information system for
a purpose other than the financial statements.
Prepare the four basic financial statements for the month o