For each of the following items, indicatewhether that item would be considered to be a transaction at Gerbig Pet Grooming Corporation.a. A customer, Layne Gracen, gives Gerbig a check for $620 to prepay for her dog’sgrooming appointments for the upcoming year.b. Gerbig pays $310 for last month’s electric bill.c. Gerbig selects a new supplier for its shampoos and conditioners.d. The controller for Gerbig pays the bill for a catered lunch at its annual training event foremployees.e. Gerbig files its articles of incorporation with the state.f. Gerbig acquires a new stainless steel tub by signing a note payable with PetStar, a supplier of pet grooming supplies and products.g. Maggie Cramer, a customer, signs a contract for next year’s dog grooming with Gerbig.h. Gerbig pays its employees an annual bonus on December 31.
For each of the following items, indicate
whether that item would be considered to be a transaction at Gerbig Pet Grooming Corporation.
a. A customer, Layne Gracen, gives Gerbig a check for $620 to prepay for her dog’s
grooming appointments for the upcoming year.
b. Gerbig pays $310 for last month’s electric bill.
c. Gerbig selects a new supplier for its shampoos and conditioners.
d. The controller for Gerbig pays the bill for a catered lunch at its annual training event for
employees.
e. Gerbig files its articles of incorporation with the state.
f. Gerbig acquires a new stainless steel tub by signing a note payable with PetStar, a supplier of pet grooming supplies and products.
g. Maggie Cramer, a customer, signs a contract for next year’s dog grooming with Gerbig.
h. Gerbig pays its employees an annual bonus on December 31.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
