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

question 116

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) ___ Purchased supplies on account.
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 $2,000 in dividends to its stockholders.
6) ___ Received cash from customers in #4 above.
7) ___ Paid the salaries accrued in #2 above.
8) ___ Received $500 from a customer for services to be provided later.

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Definitions:

Data Type

The classification of data based on the type of information it represents, such as integers, floating-point numbers, or strings, which determines the operations that can be performed on it.

Tag Description

Information or metadata associated with a tag in PLC programming, describing the purpose or usage of the tag in the application.

Tag Name

The unique identifier assigned to a variable, data point, or element in a programming environment, facilitating its identification and manipulation.

Array Type

In programming, a data structure used to store elements of the same type in contiguous memory locations.