Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has been completed as an example. (If an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15,000).) Cash Net Income (a) Purchased $115 of supplies for cash. –$115 $0 (b) Recorded an adjusting entry to record use of $45 of the above supplies. enter a dollar amount