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

question 135

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 stockholders.
2)____Recorded the accrual of $1,000 in salaries to be paid later.
3)____Issued common stock for $20,000 in cash.
4)____Earned revenue to be collected next year.
5)____Paid the salaries accrued in #2 above.
6)____Received cash from customers in #4 above.
7)____Purchased supplies on account.
8)____Received $500 from a customer for services to be provided later.

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Definitions:

Five-Part Reading System

A structured approach to reading that includes preparation, reading, noting key information, summarizing, and reviewing.

Comprehend

The ability to understand or grasp the meaning of something.

Nontraditional Student

A student who may not follow the conventional age, situation, or progression path through education, often older than typical college students.

Reading Comprehension

The ability to read text, process it, and understand its meaning.