Several Events Are Listed Below

question 142

Essay

Several events are listed below. Indicate whether each event is an external event that should be recorded as a transaction, an internal event which should be recorded as a transaction, or an event which should not be recorded. Use the following identification codes for your answers:
E - External event to be recorded as a transaction I - Internal event to be recorded as a transaction NR - An event which should NOT be recorded
_____ A An order is placed with a supplier for merchandise.
_____ B Common stock is issued to investors.
_____ C Cash sales are made.
_____ D Raw materials are entered into production.
_____ E Federal income tax returns are prepared by the company's accountant.
_____ F Bills are received for utility expenses.
_____ G Payment is received from customers to whom merchandise had been sold on credit.
_____ H Money collected from cash and credit customers is deposited in the company's checking account at a local bank.

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Definitions:

Social Expectancies

Norms or beliefs about how people are supposed to behave in certain social situations, influencing interactions and perceptions.

Intellectual Expectancies

Preconceived standards or beliefs about intellectual abilities or outcomes that can influence behavior and performance.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Neuroticism

A personality trait characterized by sadness, moodiness, and emotional instability.