Please answer all question Complete the following by inserting either a + or a - sign in

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Please answer all question Complete the following 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

Name --> William Overland

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 Incurs legal costs on credit

3 Pays cash for employee wages

4 Borrows cash by signing long-term note payable

5 Receives cash for services provided

6 Buys land by signing note payable

7 Buys office equipment for cash

8 Provides services on credit

9 Collects cash on receivable from transaction (8)

10 Pays cash dividend


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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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