Analysis of Accounting events
$5.00
| Analyze the events listed below by indicating the accounts and amounts involved in the table below. In the column labeled “+/-“, select the sign that describes how the category is affected. If the event should not to be recorded as a transaction, leave it blank. |
| A. | Borrowed $760,000 cash, signing a promissory note. |
| B. | Bought a factory for $920,000, paying $230,000 in cash and signing a promissory note for $690,000. |
| C. | Rented equipment and issued a check for 6 months at $16,000 a month. |
| D. | Provided $135,000 of services and billed customers. |
| E. | Purchased $42,000 of supplies on account. |
| F. | Received a utility bill for the current period in the amount of $2,400. |
| G. | Raised sales prices on 200 units from $420 per unit to $500 per unit. |
| H. | Received a 50% deposit from a customer on a $32,000 order to be filled next month. |