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Required Classily each of the preceding ovents as one of the following ( choose a , b , or c ) : a . A
Required
Classily each of the preceding ovents as one of the following choose a b or c:
a A business transaction to be accounted for by the businoss.
b A businessrelated event but not a transaction to be accounted for by the business at this time.
c A personal transaction nol to bo accounled for by the business.
Analyze the eflects of the above events on the accounting equation of the business.
Transactions
Jul Carin recerved $ cash from his former partwers in the firm trom which be resigned.
Corin imestad $ cash in his busness.
The business paid cffice remt expense lor the month of July. $
The bukimess pard cash lor iellettead stasonery lor the ofice
The business purchased offee twmiture for the offce on accoust for Sr promising to pay wither sik months
Corlin sold sthares of Royai Bank slock, which he had awned for several years, recerving cash from hes siockbroker.
Conle depesfed the cash from sale of the Royal Bank stares in his personal bank accoant.
A representative of a lape construction company telephoned Conten and sold hem of the cempany's nitention lo transfer ts accountng work to Conlri's business
The business pertormed ar audt tor a clarh and submitied the bir lor servoes, The bus ness ampected to celect liom this clent witan beo weeks.
Contri withdrew cash hom that business.
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