Please answer all question Complete the subsequent by inserting either a "+" or a "-" sign in the appropriate cell. GB 518 Unit 01
Assignment
If the transactions both increases and decreases a column, use a "+ / -".
The first transaction is complete for you as an example.
Student
Transaction Transaction Total Total Total Net Operating Financing Investing
Number Description Assets Liabilities Equity Income Activity Activity Activity
1 Owner invests cash in exchange for stock + +
2 Pays cash for employee wages
3 Incurs legal costs on credit
4 Receives cash for services provided
5 Borrows cash by signing long-term note payable
6 Buys land by signing note payable
7 Buys office equipment for cash
8 Collects cash on receivable from transaction (8)
9 Provides services on credit
10 Pays cash dividend