Discuss how each of the following transactions will affect assets, liabilities, and stockholders’ equity, and prove the company’s accounts will still be in balance.
A. A company purchased $450 worth of office supplies on credit.
B. The company parking lot was plowed after a blizzard. A check for $75 was given to the plow truck operator.
C. $250 was paid on account.
D. A customer paid $350 on account.
E. Provided services for a customer, $500. The customer asked to be billed.