Owner invests cash in exchange for stock

Reference no: EM1375554

Please answer all question Complete the subsequent by inserting either a "+" or a "-" sign in the appropriate cell. GB 518 Unit 01

Assignment

If the transactions both increases and decreases a column, use a "+ / -".

The first transaction is complete for you as an example.

Student

Transaction Transaction Total Total Total Net Operating Financing Investing

Number Description Assets Liabilities Equity Income Activity Activity Activity

1 Owner invests cash in exchange for stock + +

2 Pays cash for employee wages

3 Incurs legal costs on credit

4 Receives cash for services provided

5 Borrows cash by signing long-term note payable

6 Buys land by signing note payable

7 Buys office equipment for cash

8 Collects cash on receivable from transaction (8)

9 Provides services on credit

10 Pays cash dividend

Reference no: EM1375554

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