Question: Recall from the chapter that we defined a source document as a business record used by a company as evidence that a transaction has occurred.

Recall from the chapter that we defined a source document as a business record used by a company as evidence that a transaction has occurred.

Required: Name the source documents you think a company would use as evidence for each of the transactions listed below.

(a) Receipt of cash from the owner for additional investment in the company

(b) Payment by check to purchase office equipment

(c) Purchase of office supplies on credit

(d) Sale of office equipment at its original purchase price to a local CPA

(e) Purchase of fire and casualty insurance protection

(f) Sale of inventory on credit:  lo7

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