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

تمرين 38

Analyzing Transactions
Listed below are descriptions of six transactions, followed by a table listing six unique combinations of financial statement effects ( I is for increase, D is for decrease, and NE is for no effect).n the blank space to the left of each transaction description, place the appropriate letter from the table that indicates the effects of that transaction on the various elements of the financial statements.
1._______ Issued capital stock in exchange for $50,000 cash
2.______Billed clients $20,000 on account.
3.______Placed a $300 advertisement in the local newspaper.he entire amount is due in 30 days.
4.______Collected $100 on account from clients.
5.______Recorded and paid a $12,000 dividend.
6.______Recorded and paid salaries of $15,000