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Use the following information to answer questions 1 - 10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue
Use the following information to answer questions 1 - 10 For each item, determine the type of account (Asset, Liability, Stockholder's Equity, Dividends, Revenue or Expense) and the type of activity (Operating, Investing or Financing). When answering the question, input ONLY the first letter, for example: if the answer was Liability input L as the answer. Item Type of Account A, L, SE, D, R or E Type of Activity O, 1, F Provided goods to customers 1. 2. Used supplies for the period 3. 4. Purchased a building for the business 5. 6. Borrowed money from the bank 7. Issued stock to owners 8. 19. 10.
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