The following worksheet entries were retrieved from a water-logged worksheet stored in a flooded basement. Identify the transaction to which the worksheet entry refers. Discuss the underlying business reason supporting each transaction.

ACCOUNTS PAYABLE, COMMITMENTS, CONTINGENCIES, AND RISKS 339 Critical Thinking Critical Thinking Notes Sal. Warr. Adv, Shareholders’

Assets Pay. Pay. Oblig. Cust. Payments Equity

a. 100,000 100,000

b. 25,500 25,500

c. 150,000 150,000

d. 80,000 80,000

e. 50,000 50,000

f. 22,000 22,000 g. 30,000 30,000 (Revenue)

h. 55,000 50,000 5,000 i. 195,000 195,000 j. 200,000 195,000 5000 Restructuring Charges