1. Sold merchandise on account. 2. Sold a used computer for cash. 3. Paid a supplier’s overdue account.4. Recorded depreciation expense on a building. 5. Signed a mortgage and received cash. 6. Purchased inventory on account. 7. Gave a refund after hearing a customer’s complaint. 8. Received payment from a customer. 9. Sold shares of IBM stock for cash and recorded a gain. 10. Recorded a loss after discarding obsolete inventory. 11. Received a personal cash gift from a friend. 12. Made an “even” swap of a used truck for another truck. 13. Paid quarterly unemployment taxes. 14. Paid for rent 15. Recorded liability for utilities expense 16. Specific bad debts are to be written off 17. Utilities are paid in arrears 18. Property taxes are paid in advance 19. A new machine has been purchased on credit
1. Sold merchandise on account.
2. Sold a used computer for cash.
3. Paid a supplier’s overdue account.4. Recorded
5. Signed a mortgage and received cash.
6. Purchased inventory on account.
7. Gave a refund after hearing a customer’s complaint.
8. Received payment from a customer.
9. Sold shares of IBM stock for cash and recorded a gain.
10. Recorded a loss after discarding obsolete inventory.
11. Received a personal cash gift from a friend.
12. Made an “even” swap of a used truck for another truck.
13. Paid quarterly
14. Paid for rent
15. Recorded liability for utilities expense
16. Specific
17. Utilities are paid in arrears
18. Property taxes are paid in advance
19. A new machine has been purchased on credit
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