Score: 0 of 2 pts 3 of 4 (2 complete) HW Score: 50%, 4 of 8 pt E Question Help S1-14 (similar to) The analysis of Circuit Electronics, Inc.'s first eight transactions follows. The business only sold stock once and paid no dividends. (Click the icon to view the transactions) Read the requirements Requirement 1. Label each of the transactions with the corresponding letter of the description that best fitsit (Click the icon to view the descriptions.) Assets Llabilities Stockholders' equity Retained Accounts receivable Accounts payable Note payable Common stock + - Equipment + + earnings Description Cash $30,000 1. + $30,000 Choose from any drop-down list and then click Check Answer 8 o remaining parts Clear All Check Answer on to view the transactions) mer More Info Lab un to Assets Liabilities Stockholders' equity Accounts receivable Accounts payable + Notes payable Retained earnings + - Equipment + Common stock + $30,000 + Cash + $30,000 - 1,500 1. 2. + $1,500 + 12,000 + 12,000 + $1,000 - 1,400 + 1,900 + 900 + $1,000 - 1,400 + 1,900 - 900 + 300 - 300 Done je tre escri i More Info a. Earned revenue for services provided, but customer will pay later b. Received cash from customers for services completed earlier in the month c. Received cash for revenue earned by providing services d. Paid cash for expenses incurred to operate the business e. Paid cash to purchase equipment f. Received utility bill in the mail. Bill will be paid in 30 days g. Sold stock to start the business h. Purchased equipment with a bank loan Print Done