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Part A: Indicate if the below noted business activity is an event or a transaction. Input 'A' for event and B' for transaction. Solution Q1

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Part A: Indicate if the below noted business activity is an event or a transaction. Input 'A' for event and B' for transaction. Solution Q1 Agreed to hire the local lawn care company for next summer's lawn care Q2 Purchased a business license with a credit card Part B: Indicate, for each of the below account names, which category the account is in. Input the element the account belongs in: 'A' for asset, 'B' for liabilities, C" for equity, 'D for revenue, and 'E for ex Solution: Q4 Q5 Q6 Rent payable Equipment Wages expense Rent revenue Part C: You and your friend are working on a question from Chapter 3 in ACC100. You were provided with a transaction and had to choose the accounts that would be affected. Your friend has the transaction and the accounts they think are the ones affected. Indicate if you AGREE (input A) or DISAGREE (input D) with their answer Transaction & Account Names t for $8,000, cash: Equi Solution Q7 Purchase equi Q8 Paid your credit card b of $2,500: Miscellaneous Expense, Cash. Q9 Paid to repaired the officep Q10 The bank provides a loan of S10,000: Bank Loan Payable, Cash Accounts Payable er for $185: Repair Expense, Cash

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