Question: Do the following events represent business transactions? Explain your answer in each case. (a) A computer is purchased on account. (b) A customer returns merchandise

Do the following events represent business transactions? Explain your answer in each case.

(a) A computer is purchased on account.

(b) A customer returns merchandise and is given credit on account.

(c) A prospective employee is interviewed.

(d) The owner of the business withdraws cash from the business for personal use.

(e) Merchandise is ordered for delivery next month.

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