Question: Assets Liabilities Net Assets Transaction Up Down Up Down Up Down 1 . Earns revenue by satisfying a performance obligation. x 2 . Receives a

Assets Liabilities Net Assets Transaction Up Down Up Down Up Down 1. Earns revenue by satisfying a performance obligation. x 2. Receives a donor pledge. x 3. Purchases supplies with cash. 4. Purchases supplies on account. 5. Takes out a loan. 6. Repays loan principal. 7. Receives payment on a pledge. 8. Makes a payment on an amount it owes. 9. Prepays for insurance. 10. Uses prepaid insurance. 11. Uses supplies. 12. Uses a capital asset. 13. Receives cash in advance. 14. Provide service against cash advance. 15. Employs workers who earn wages. 16. Pays employees wages. 17. Deems a portion of a pledge uncollectible. 18. Pays interest on a loan.

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