Source-use-exchange


What are these: source, use, or exchange?

1) performed services for cash
2) performed services for clients on account
3) collected cash from accounts receivable
4) invested cash in a certificate of deposit
5) purchased land with cash.
6) acquired cash from the issue of stock
7) paid a cash dividend to the stockholders
8) paid cash on accounts payable
9) incurred other operating expenses on account
10) paid cash for rent expense
11) closed the revenue account

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Accounting Basics: Source-use-exchange
Reference No:- TGS0554972

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