a little help with these problems please

M2-3

M2-4

1.110 DUDIC T utur and statement of cash flows G. Cumulative earnings of a company that are not distributed to the owners. H. Every transaction has at least two effects. I. Probable debts or obligations to be paid with assets or services. M2-3 LO2-2 Identifying Events as Accounting Transactions For each of the following events, which ones result in an exchange transaction for Dittman Company (Y for yes andN for no)? (1) Six investors in Dittman Company sold their stock to another investor. (2) The founding owner, Megan Dittman, purchased additional stock in another company. (3) The company borrowed $2,500,000 from a local bank. (4) Dittman Company purchased a machine that it paid for by signing a note payable. (5) The company lent $300,000 to a supplier. (6) Dittman Company ordered supplies from Staples to be delivered next week. - M2-4 LO2-2 Classifying Accounts on a Balance Sheet The following are the accounts of Rosa-Perez Company: (1) Accounts Payable (2) Accounts Receivable (3) Buildings (4) Cash (5) Common Stock (6) Land (7) Merchandise Inventory (8) Income Taxes Payable (9) Long-Term Investments (10) Notes Payable (due in three years) (11) Notes Receivable (due in six months) (12) Prepaid Rent (13) Retained Earnings (14) Supplies (15) Utilities Payable (16) Wages Payable - In the space provided, classify each as it would be reported on a balance sheet. Use: SE for stockholders' equity CL for current liability NCL for noncurrent liability CA for current asset NCA for noncurrent asset nsactions