Source Documents Matched with Transactions Following are a list of source documents and a list of transactions. Indicate by letter next to each transaction the source document that would serve as evidence for the recording of the transaction.

Source Documents

a. Purchase invoice

f. Stock certifi cates

b. Sales invoice g. Monthly statement from utility company

c. Cash register tape h. No standard source document would

d. Time cards normally be available.

e. Promissory note Transactions _________ 1. Utilities expense for the month is recorded.

_________ 2. A cash settlement is received from a pending lawsuit.

_________ 3. Owners contribute cash to start a new corporation.

_________ 4. The biweekly payroll is paid.

_________ 5. Services are provided in exchange for cash.

_________ 6. Equipment is acquired on a 30-day open account.

_________ 7. Service is provided to a customer.

_________ 8. A building is acquired by signing an agreement to repay a stated amount plus interest in six months.

AppendixLO1