Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 45

Analyzing and Journalizing Transactions
Dana, Inc., provides civil engineering services.uring October, its transactions included the following:

Instructions
a.nalyze the effects that each of these transactions will have on the following six components of the company's financial statements for the month of October.rganize your answer in tabular form, using the column headings shown below.se I for increase, D for decrease, and NE for no effect.he October I transaction is provided for you:

b.repare a journal entry (including explanation) for each of the above transactions.
c.hree of October's transactions involve cash payments, yet only one of these transactions is recorded as an expense.escribe three situations in which a cash payment would not involve recognition of an expense.