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Account Identification Instructions: For the transoctions listed below - List the 2 or more accounts that are impacted - Identify the type of each account
Account Identification Instructions: For the transoctions listed below - List the 2 or more accounts that are impacted - Identify the type of each account (Asset, Liability, Equity, Revenue, Expense, Dividend) - Determine if each account is increasing or decreasing 1. Provided $2,500 in services to customers who will pay in 30 days. 2. Purchased office supplies costing $300 on account. 3. Paid salaries of $1,300 to employees. 5. Paid shareholders $5,000 in dividends 6. Received $520 for services provided to customer 7. Purchased machinery costing $40,000 with a deposit of $10,000 and the remainder financed with a note payable. 8. Paid for the supplies purchased in transaction #3. 9. Issued $50,000 of common stock. Chart of Accounts: AccountsReceivableAccountsPayableSuppliesMachineryDividendsServiceRevenueSalariesExpenseCommonStockNotePayableCash
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