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Choose the letter that matches your analysis from the table provided here or printed from the Unit Outline. If assets increase and decrease by the

Choose the letter that matches your analysis from the table provided here or printed from the Unit Outline.

If assets increase and decrease by the same amount, that is B. The order of the signs does not matter.

You may use letters more than once or not at all.

Assets Liabilities Equity Net Income
A + + ne ne
B +,- ne ne ne
C + ne + ne
D + ne + +
E ne - + +
F - ne - -
G - - ne ne
H ne + - -
I - ne - ne

Bardo, Inc. is a law firm that prepares monthly financial statements. The following transaction took place in November.

-A.B.C.D.E.F.G.H.I.

1. Nov. 8, Bardo pays an employee $950 for his services during October.

-A.B.C.D.E.F.G.H.I.

2. Nov. 10, Bardo collects $3,000 from a customer billed in September.

-A.B.C.D.E.F.G.H.I.

3. Nov. 20, Bardo provides $14,000 of services to clients on credit.

-A.B.C.D.E.F.G.H.I.

4. Nov. 22, Bardo pays $200 for pizza for employees who worked late (a business transaction).

-A.B.C.D.E.F.G.H.I.

5. Nov. 24, Bardo provides monthly services to a customer that paid Bardo $2,400 for a 12 month consulting contract at $200 per month. Bardo received the $2,400 last July.

-A.B.C.D.E.F.G.H.I.

6. Nov. 25, Bardo discovers that a customer has declared bankruptcy and writes-off the customer's $900 account receivable.

-A.B.C.D.E.F.G.H.I.

7. Nov. 28, Bardo pays a $15,000 dividend to shareholders. (The dividend had not been declared or recorded in anyway previous to this.)

A.

A

B.

B

C.

C

D.

D

E.

E

F.

F

G.

G

H.

H

I.

I

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