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

question 97

Essay

For each of the following transactions,indicate the type by entering "AS" for asset source transaction,"AU" for asset use transaction,"AE" for asset exchange transaction,and "CE" for claims exchange transaction.
1)____Paid $10,000 for a plot of land.
2)____Recorded the accrual of $1,000 in salaries to be paid the following week.
3)____Issued common stock for $20,000 in cash.
4)____Incurred operating expense on account.
5)____Paid off its accounts payable.
6)____Earned revenue to be collected at a future date.
7)____Paid $2,000 in dividends to its stockholders.
8)____Received cash from customers in #6 above.
9)____Paid the salaries accrued in #2 above.
10)___Borrowed money from a local bank.

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Definitions:

Strategic Marketing Process

A systematic approach to identifying and evaluating marketing opportunities, developing marketing strategies, and creating marketing plans to achieve business objectives.

Management Changes

Alterations or transitions in the leadership or administrative structures within an organization.

Organizational Resources

Assets, capabilities, processes, information, and knowledge that an organization controls and uses to achieve its objectives.

Customers Change

The phenomena where consumer preferences, behaviors, or demographics shift over time, impacting market dynamics.