Problem $1-30$B

Classifying events as asset source, use, or exchange

The following unrelated events are typical of those experienced by business entities:

Pay cash for operating expenses.

Pay an office manager's salary with cash.

Receive cash for services that have been performed.

Pay cash for utilities expense.

Acquire land by accepting a liability $($financing the purchase$).$

Pay cash to purchase a new office building.

Discuss plans for a new office building with an architect.

Repay part of a bank loan.

Acquire cash by issuing common stock.

Purchase land with cash.

Purchase equipment with cash.

Pay monthly rent on an office building.

Hire a new office manager.

Borrow cash from a bank.