1. DEVRY ACCT 216 W EEK 2 H OMEWORK Check this A+ tutorial guideline at http://www.assignmentcloud.com/acct-216/acct-216-week-2- homework For more classes visit http://www.assignmentcloud.com Please write a 4-6 sentence paragraph on the following question. Describe each of the 4 basic financial statements. What is the relationship between them? During the first month of operations (March 2011) Jerry Enterprises completed the following selected transactions: a. The business received $12,000 in cash and a building valued at $52,000. The corporation issued stock to the contributors of these. b. Borrowed $15,800 from the bank and signed a note payable to them c. Paid $12,000 for equipment d. Purchased supplies on account for $200 e. Paid employees’ salaries of $2,100 f. Performed services for customer on account, $2,800