The following provides a list of transactions and a list of business activities.Transactions Business Activities1. _________Borrow from the bank. a. Financing2. _________Provide services to customers. b. Investing3. _________Issue common stock to investors. c. Operating4. _________Purchase land.5. _________Pay rent for the current period.6. _________Pay dividends to stockholders.7. _________Purchase building.Required:Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity.

The following provides a list of transactions and a list of business activities.Transactions Business Activities1. _____Borrow from the bank. a. Financing2. _Provide services to customers. b. Investing3. _Issue common stock to investors. c. Operating4. _Purchase land.5. _Pay rent for the current period.6. _Pay dividends to stockholders.7. _____Purchase building.Required:Match the transaction with the business activity by indicating the letter that corresponds to the appropriate business activity.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter4: Journalizing And Posting Transactions

Section: Chapter Questions

Problem 3MC: To purchase an asset such as office equipment on account, you would credit which account? (a) Cash...

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