The following are independent situations. a. A company orders and receives 10 personal computers for office use for which it signs a note promising to pay $20,000 within three months. b. A company purchases for $39,000 cash a new delivery truck that has a list ("sticker") price of $42,000. c. A women's clothing retailer orders 30 new display stands for $480 each for future delivery. d. A new company is formed and issues 100 shares of stock for $13 per share to investors. e. A company purchases a piece of land for $47,000 cash. An appraiser for the buyer valued the land at $53,900. f. The owner of a local company uses a personal check to buy a $19,000 car for personal use. Answer from the company's point of view. g. A company borrows $11,000 from a local bank and signs a six-month note for the loan. h. A company pays $3,300 owed on its 10-year notes payable (ignore interest). Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3A Req 3B Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. (If no entry is required for a transaction/event select "No transaction" in the first account field.) (e) (b) (c) (d) (e) (f) (9) (h) Received Given Req 2A > Prev 1 of 11 Next > ces 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. 2-a. At what amount would you record the delivery truck in (b)? 2-b. At what amount would you record the piece of land in (e)? 2-c. What measurement principle are you applying? 3-a. What reasoning did you apply in (c)? 3-b. For (f), what accounting concept did you apply? Check my wom Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Reg 3A Req 38 At what amount would you record the delivery truck in (b)? Amount 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. 2-a. At what amount would you record the delivery truck in (b)? 2-b. At what amount would you record the piece of land in (e)? 2-c. What measurement principle are you applying? 3-a. What reasoning did you apply in (c)? 3-b. For (f), what accounting concept did you apply? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Red 2B Req 2C Req 3A Req 3B At what amount would you record the piece of land in (e)? Amount Check m ped 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. 2-a. At what amount would you record the delivery truck in (b)? 2-b. At what amount would you record the piece of land in (e)? 2-c. What measurement principle are you applying? 3-a. What reasoning did you apply in (c)? 3-b. For (f), what accounting concept did you apply? Check my work Complete this question by entering your answers in the tabs below. ook rim Req 1 Req 2A Req 28 Rea 2C Req 3A Req 3B rences What measurement principle are you applying? These are applications of the cost principle. These are applications of the market price principle 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. 2-a. At what amount would you record the delivery truck in (b)? 2-b. At what amount would you record the piece of land in (ef 2-c. What measurement principle are you applying? 3-a. What reasoning did you apply in (c)? 3-b. For (f), what accounting concept did you apply? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3A Req 38 What reasoning did you apply in (c)? The agreement in (c) involves exchange of cash and goods and thus it is a transaction. The agreement in (c) involves no exchange or receipt of cash, goods, or services and thus is not a transaction < Req 2C Req 38 > Check m 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. -a. At what amount would you record the delivery truck in (b)? 2-b. At what amount would you record the piece of land in (e)? 2-c. What measurement principle are you applying? 3-a. What reasoning did you apply in (c)? 3-b. For (f), what accounting concept did you apply? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 2C Req 3A Req 38 Check my work For (f), what accounting concept did you apply? OBecause transaction (f) occurs between the company and others, the separate entity assumption implies this transaction does affect the business Because transaction (f) occurs between the owner and others the separate entity assumption implies this transaction does not affect the business < Req 3A