The may transactions of step aside corporation were as follows.
may 4 paid $700 due for supplies previously purchased on account.
7 performed advisory services on account for $6,800.
8 purchased supplies for $850 on account.
9 purchased equipment for $1,000 in cash.
17 paid employees $530 in cash.
22 received bill for equipment repairs of $900.
29 paid $1,200 for 12 months of insurance policy.

4 paid $700 due for supplies previously purchased on account. 

Cash account affected (Asset)

Accounts Payable affected (Liability) 

7 Performed advisory services on account for $6,800. 

Accounts Receivable affected (Asset) 

Service Revenue affected(Equity) 

8 Purchased supplies for $850 on account. 

Supples affected (Asset) 

Account Payable affect (Liability) 

9 Purchased equipment for $1,000 in cash. 

Equipment (Asset) 

Cash (Asset) 

17 Paid employees $530 in cash. 

Payroll (Equity) 

Cash (Asset) 

22 Received bill for equipment repairs of $900. 

Repair expense (Equity) 

Account Payable (Liability) 

29 Paid $1,200 for 12 months of insurance policy. 

Coverage begins June 1 Prepaid rent (Asset) 

Cash (Asset)

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

answer; ///i believe the best answer from the above question is (c) a method of making a purchase by trading items instead of using money; plz check first.good luck