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Received a electricity bill on May 31 for $780. The bill will be paid in early June. a) Decrease assets b) This is an event,

Received a electricity bill on May 31 for $780. The bill will be paid in early June.

a)

Decrease assets

b)

This is an event, not a transaction.

c)

Decrease equity

d)

Increase assets

e)

Increase liabilities

f)

Increase equity

g)

Decrease liabilities

Provided $2,460 of services, on account, to a customer.

a)

Increase assets

b)

Decrease equity

c)

Increase liabilities

d)

Decrease assets

e)

This is an event, not a transaction.

f)

Decrease liabilities

g)

Increase equity

Purchased $800 of office supplies on account.

a)

This is an event, not a transaction.

b)

Increase liabilities

c)

Decrease liabilities

d)

Increase equity

e)

Decrease equity

f)

Decrease assets

g)

Increase assets

The owners were paid dividends of $900, cash.

a)

Decrease assets

b)

Decrease liabilities

c)

Decrease equity

d)

Increase equity

e)

Increase liabilities

f)

This is an event, not a transaction.

g)

Increase assets

Collected $600 of accounts receivable from a customer.

a)

Decrease equity

b)

Decrease assets

c)

This is an event, not a transaction.

d)

Increase liabilities

e)

Increase assets

f)

Decrease liabilities

g)

Increase equity

Rent of $1,800, which was paid for in March, was used in April.

a)

Increase assets

b)

Decrease equity

c)

Decrease assets

d)

Decrease liabilities

e)

Increase liabilities

f)

Increase equity

g)

This is an event, not a transaction.

The company received $875 of cash from a customer for services to be performed next month.

a)

Increase assets

b)

Decrease equity

c)

This is an event, not a transaction.

d)

Increase equity

e)

Decrease assets

f)

Decrease liabilities

g)

Increase liabilities

In August provided $760 of services to a customer who paid in advance in July.

a)

Increase equity

b)

Increase assets

c)

Decrease liabilities

d)

Decrease assets

e)

This is an event, not a transaction.

f)

Increase liabilities

g)

Decrease equity

Signed a contract with a new customer to provide $6,000 of services in the future.

a)

Increase equity

b)

Decrease equity

c)

Increase assets

d)

Increase liabilities

e)

Decrease liabilities

f)

Decrease assets

g)

This is an event, not a transaction.

please answer in 10/15 mins thanks

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