Analyze the following transactions. Indicate which accounts are affected and whether they will increase or decrease. Transaction (a) is completed as an example.
a. Owner investment of cash into the business.
b. Payment of a utility bill.
c. Purchase of inventory for cash.
d. Payment of an accounts payable.
e. Performing a service on account.
f. Collecting cash from a customer as payment on his account.
Definitions:
Socio-Economic Development
The process of social and economic development in a society, which includes improvements in living standards, education, and health.
Rio +20
A United Nations conference on sustainable development held in Rio de Janeiro in 2012, marking 20 years since the first Earth Summit.
Corporate Sustainability Forum
A platform or meeting where companies discuss and share strategies for sustainable development and their impact on social and environmental issues.
UN-Sponsored
Initiatives, programs, or activities endorsed or facilitated by the United Nations to address global issues.
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