D. A company purchases for $18,000 cash a new delivery truck that has a list (sticker) price of $20,500. c. A women's clothing retailer orders 20 new display stands for $130 each for future delivery. d. A new company is formed and issues 400 shares for $12 per share to investors. e. A company purchases a piece of land for $33,000 cash. An appraiser for the buyer valued the land at $34,800. The owner of a local company buys a $8,000 car for personal use. Answer from the company's point of view. g. A company borrows $1,200 from a local bank and signs a six-month note for the loan. h. A company pays $1,060 owed on its note payable. (ignore interest.) Required: 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. Consider what the company gives anc receives.
D. A company purchases for $18,000 cash a new delivery truck that has a list (sticker) price of $20,500. c. A women's clothing retailer orders 20 new display stands for $130 each for future delivery. d. A new company is formed and issues 400 shares for $12 per share to investors. e. A company purchases a piece of land for $33,000 cash. An appraiser for the buyer valued the land at $34,800. The owner of a local company buys a $8,000 car for personal use. Answer from the company's point of view. g. A company borrows $1,200 from a local bank and signs a six-month note for the loan. h. A company pays $1,060 owed on its note payable. (ignore interest.) Required: 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. Consider what the company gives anc receives.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Do not give answer in image formate

Transcribed Image Text:D. A company purchases for $18,000 cash a new delivery truck that has a list (sticker) price of $20,500.
c. A women's clothing retailer orders 20 new display stands for $130 each for future delivery.
d. A new company is formed and issues 400 shares for $12 per share to investors.
e. A company purchases a piece of land for $33,000 cash. An appraiser for the buyer valued the land at $34,800.
The owner of a local company buys a $8,000 car for personal use. Answer from the company's point of view.
g. A company borrows $1,200 from a local bank and signs a six-month note for the loan.
h. A company pays $1,060 owed on its note payable. (ignore interest.)
Required:
1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. Consider what the company gives and
receives.
a
b.
C
d
e
t
9
h
Given
Received
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