Cunnington Inc.'s first eight transactions follows. The business only sold stock once and paid no dividends.

1. Label each of the transactions with the corresponding letter of the description that best fits it. a. Earned revenue for services provided, but customer will pay later b. Received cash from customers for services completed earlier in the month c. Received cash for revenue earned by providing services d. Paid cash for expenses incurred to operate the business e. Paid cash to purchase equipment f. Received utility bill in the mail. Bill will be paid in 30 days g. Sold stock to start the business h. Purchased equipment with a bank loan 2. If these transactions fully describe the operations of Cunnington, Inc., during the month, what was the amount of its net income or net loss?

Label each of the transactions with the corresponding letter of the description that best fits it:.

the following are a choice of answers to the question

. If these transactions fully describe the operations of

Cunnington Cunnington, Inc., during the month, what was the amount of its net income or net loss?

a.	Earned revenue for services provided, but customer will pay later
b.	Received cash from customers for services completed earlier in the month
c.	Received cash for revenue earned by providing services
d.	Paid cash for expenses incurred to operate the business
e.	Paid cash to purchase equipment
f.	Received utility bill in the mail. Bill will be paid in 30 days
g.	Sold stock to start the business
h.	Purchased equipment with a bank loan