Question
1 Purchased computer terminals for RM20,000 from Digital Equipment on account. 2 Paid RM4,000 cash for September rental on storage space. 3 Received RM15,000 cash
1 | Purchased computer terminals for RM20,000 from Digital Equipment on account. |
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2 | Paid RM4,000 cash for September rental on storage space. |
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3 | Received RM15,000 cash from customers for contracts billed in August. |
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4 | Provided computer services to Fisher Construction Company for RM3,000 cash. |
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5 | Paid TNB, a power company, RM11,000 cash for energy usage in August. |
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6 | Shareholders invested an additional RM32,000 in the business. |
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7 | Paid Digital Equipment for the terminal purchased in (1) above. |
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8 | Incurred advertising expense for May of RM1,200 on account. |
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Bakar Enterprise entered into the following transactions during September 2016:
Required:
Indicate with the appropriate letter in the last column whether each of the above transactions.
(a) An increase in assets and a decrease in assets.
(b) An increase in assets and an increase in equity.
(c) An increase in assets and an increase in liabilities.
(d) A decrease in assets and a decrease in equity.
(e) A decrease in assets and a decrease in liabilities.
(f) An increase in liabilities and a decrease in equity.
(g) An increase in equity and a decrease in liabilities.
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