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2. Given the following chart of accounts, what 2-digit codes and S amount would you assign to each of the cash transactions listed below? Some
2. Given the following chart of accounts, what 2-digit codes and S amount would you assign to each of the cash transactions listed below? Some may have two entries. (Chapter 3) (10%) Transaction code (1st digit): 1- ordinary income 6-operating expense 2 - capital asset sales 7 capital asset purchases 3 - new loans received 8-loan principal repaid Enterprise code (2nd digit): 1 - tomatoes 2- sweet corn 3 - pumpkins Code $amount $450 received from sale of tomatoes at the farmers market S500 paid for weeding tomatoes (20 hrs) and pumpkins (30 hrs) $1,000 for construction of a roadside stand to sell sweet corn $800 borrowed for purchase of materials for the roadside stand
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