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. |