(Types of events, LO 5) For each of the events listed below, indicate whether the event will give rise to a transactional entry, an adjusting entry, or not result in any entry in the accounting system. Assume that the accounting system is designed to collect information on an accrual and a GAAP basis.

a. Amortization of equipment.

b. Collection of accounts receivable from a customer,

c. Increase in the market value of a building while it continues to be owned.

d. Recognition of revenue for work done in the current period but paid for in the previous period.

Hiring of a new vice-president of finance.

f. Purchase of inventory on credit from a supplier.

g. Earning of interest on an investment. The interest will not be paid until next year.
h. Customer pays in advance for work to be done next year.
i. Sale of land to a buyer in exchange for a promise to pay $1,000,000 in cash in two years.
Payment of a dividend to shareholders.
k. Company agrees to supply cleaning services to a customer. The customer agrees to pay each time the work is done.