Reference no: EM132479854

Problem 1: A company delivered $10,000 of goods to a customer that agreed to pay cash within 30 days. The goods had cost $8,000 to manufacture. Which of the following items would be increased by this sales transaction? (check all that apply)

1. Revenue
2. Accounts Payable
3. Cash from Operations
4. Current Assets
5. Cost of Goods Sold

Problem 2: A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the following items would be increased by this inventory purchase transaction? (check all that apply)

1. Total Assets
2. Retained Earnings
3. Accounts Payable
4. Accounts Receivable
5. Cost of Goods Sold

Problem 3: A company collected $100,000 cash from a customer who both received and was billed for the goods last quarter. Which of the following items would be increased by this cash collection transaction? (check all that apply)

1. Cash from Operations
2. Total Assets
3. Accounts Receivable
4. Total Stockholders' Equity
5. Revenue

Problem 4: A company collected $10,000 cash from a customer as a deposit for goods that will be shipped next quarter. Which of the following items would be increased by this cash collection transaction? (check all that apply)

1. Revenue
2. Total Liabilities
3. Accounts Receivable
4. Total Assets
5. Cash from Operations

Problem 5: A company received $100,000 cash from issuing 10,000 shares of $4 par value stock. Which of the following items would be increased by this stock issuance transaction? (check all that apply)

1. Dividends
2. Additional Paid in Capital
3. Total Stockholder's Equity
4. Long-term Liabilities
5. Cash from Financing

Problem 6: A company received $75,000 cash from a bank loan that must be repaid in three years. Which of the following items would be increased by this specific transaction? (check all that apply)

1. Cash from Financing
2. Total Assets
3. Total Liabilities
4. Interest Expense
5. Interest Payable