Several Events Are Listed Below

question 37

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 comp any'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.