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2. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.
2. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes. Transaction ces Reason This transaction changed the form of an asset from a receivable to cash. Total assets were not increased (revenue was recognized when the services were originally provided) This transaction brought in cash (increased assets), but it also increased a liability by the same amount (no goods or services were provided to generate revenue). This transaction brought in cash, but this is an owner investment. This transaction brought in cash, but it created a liability because the services have not yet been provided to the client. Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez invested $20,000 cash in the company. b. The company provided services to a client and immediately received $900 cash. C. The company received $10,000 cash from a client in payment for services to be provided next year. d. The company received $3,500 cash from a client in partial payment of accounts receivable. e. The company borrowed $5,000 cash from the bank by signing a note payable. 1 Drenare aanralialantraforte
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