Identifying Transactions from Worksheet Entries
The following worksheet entries have been retrieved from a corrupt data file.
|
Cash |
Inventory |
Buildings |
Trucks |
Accts. Pay |
Mortgage |
Inv. Cap. |
|
|
a. |
1,000 |
1,000 |
|||||
|
b. |
2,000 |
2,000 |
|||||
|
c. |
8,000 |
8,000 |
|||||
|
d. |
4,000 |
4,000 |
|||||
|
e. |
22,000 |
22,000 |
|||||
|
f. |
4,000 |
4,000 |
|||||
|
g. |
8,000 |
6,000 |
2,000 |
||||
|
h. |
18,000 |
18,000 |
|||||
|
i. |
6,000 |
6,000 |
|||||
|
h. |
12,000 |
12,000 |
Required:
Identify the transactions that correspond to each entry in the worksheet. Discuss the underlying business reasons associated with each transaction.