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Question No. (4): The following transactions occurred in XYZ Company during 2011. 1. Received cash $1000 for providing a service. 2. Received cash $2000 from
Question No. (4): The following transactions occurred in XYZ Company during 2011. 1. Received cash $1000 for providing a service. 2. Received cash $2000 from a customer previously billed for a service. 3. Transferred $10,000 assets to the business from a personal account. 4. Paid a service station $100 for gasoline for a business vehicle. 5. Performed a service and received a promise of payment for $2000. 6. Paid $5000 cash to purchase equipment. 7. Paid $500 salaries to an employee for work performed. Required: Identify each of the above transactions by marking each (USE THE TABLE PROVIDED) as whether it is a Share Capital OR Dividend OR Revenue OR Expense. If the transaction is not any of the above categories, then mark it as Not an
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