For each of the following unrelated transactions,list the accounts that will be debited and credited.
a)Issued common stock for cash.
b)Provided services for cash.
c)Purchased office supplies on account.
d)Paid for the office supplies purchased above.
e)Paid cash dividends to stockholders.
Definitions:
Multiproduct Pricing
Pricing strategies adopted by companies that sell multiple products and seek to maximize overall profits by considering cross-product price elasticity and cost structures.
Price Leadership
A situation where one dominant firm in an industry sets the price of goods or services, and other firms follow suit.
OPEC
The Organization of the Petroleum Exporting Countries, an international cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market.
Oil Cartel
An association of oil-producing countries that agree to coordinate their oil production to control the price of oil on the global market.
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