For Each of the Following Transactions, Indicate the Type by Entering

question 107

Essay

For each of the following transactions, indicate the type by entering AS for asset source transactions, AU for asset use transactions, AE for asset exchange transactions, and CE for claims exchange transactions.1)________ Paid $2,000 in dividends to its stockholders2)________ Recorded the accrual of $1,000 in salaries to be paid later3)________ Paid $1,200 rent for the upcoming year starting immediately4)________ Earned revenue to be collected next year5)________ Paid the salaries accrued in #2 above6)________ Received cash from customers in #4 above7)________ Purchased supplies on account8)________ Received $500 from a customer for services to be provided later

---

Definitions:

Labor Unions

Organizations formed by workers from related fields that work together to protect their rights and interests, negotiate wages, and ensure safe working conditions.

Steel Industry

The sector of the economy engaged in the production, processing, and distribution of steel and steel products.

Industrial Workers of the World

An international labor union founded in 1905, known for its belief in the unity of all workers and the need for industry-wide unions.

Unskilled Workers

Employees who perform tasks that require little to no special training or education, often involving simple, manual labor.