for each of the following events identify whether it is 287161

For each of the following events, identify whether it is an external event that would be recorded as a transaction (E), an internal event that would be recorded as a transaction (I), or not recorded (NR).

_________ 1. A vendor for a company’s supplies is paid an amount owed on account.

_________ 2. A customer pays its open account.

_________ 3. A new chief executive officer is hired.

_________ 4. The biweekly payroll is paid.

_________ 5. Depreciation on equipment is recognized.

_________ 6. A new advertising agency is hired to develop a series of newspaper ads for the company.

_________ 7. The advertising bill for the first month is paid.

_________ 8. The accountant determines the federal income taxes owed based on the income earned during the period.