Question: please please answer this in a 5 minute please Question 1 (1 point) Indicate whether the business activity noted below is an event or a

please please answer this in a 5 minute please please please answer this in a 5 minute please
please please answer this in a 5 minute please
please please answer this in a 5 minute please
please please answer this in a 5 minute please
Question 1 (1 point) Indicate whether the business activity noted below is an event or a transaction. Provided services in exchange for an account receivable. 1) transaction 2) event Question 2 (1 point) Indicate whether the business activity noted below is an event or a transaction. Agreed to a new cell phone provider. The new service starts next month. 1) event 2) transaction Question 3 (1 point) The transaction below affects BOTH the accounts named. Took out a loan from the bank and received $12,000 cash: Bank Loan Expense, Cash. 1) True 2) False Question 4 (1 point) The transaction below affects BOTH the accounts named. Purchased flyers from Staples for $60 plus HST using cash: Prepaid Expense, Cash. 1) True 2) False Question 5 (1 point) The transaction below affects BOTH the accounts named. Paid your credit card bill of $2,500: Miscellaneous Expense, Cash. 1) True 2) False Question 6 (1 point) The transaction below affects BOTH the accounts named. Purchase equipment for $8,000, cash: Equipment, Accounts Payable. 1) True 2) False Question 7 (1 point) Indicate which financial statement element the following account belongs in. Advertising expense Question 8 (1 point) Indicate which financial statement element the following account belongs in. Land 1) liabilities phy 2) assets 3) expenses 4) equity 5) revenues Question 9 (1 point) Indicate which financial statement element the following account belongs in. Prepaid insurance 1) expenses O2) revenues 3) equity Question 7 (1 point) Indicate which financial statement element the following account belongs in. Advertising expense 1) liabilities 2) equity 3) revenues 4) expenses 5) assets Question 8 (1 point) Indicate which financial statement element the following account belongs in. Land 1) liabilities 2) assets 3) expenses

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