How many of transactions decreased blue devil total assets

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Reference no: EM132838311

Problem 1: Following are a set of transactions experienced by Blue Devil. Inc. during the month of January: Issued 10,000 shares of common stock for $15,000 cash. Purchased land for $12,000, signing a note payable for the full amount. Purchased office equipment for $1,200 cash. Received cash of $14,000 for services provided to customers during the month. Purchased $300 of office supplies on account. Paid employees $10,000 for their first month's salaries. How many of these transactions decreased Blue Devil's total assets?

Select one:

a. Four

b. Three

c. Two

d. One

e. Five

Reference no: EM132838311

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