Account IdentificationVersion en ligne Identify the account categories in each transaction par Yassine Aithmad 1 The business owner invests $10,000 of personal savings into the company Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 2 Purchased office equipment for $5,000, paying $2,000 in cash and taking a loan for the remaining $3,000 Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 3 Received $8,000 in cash from a customer for services to be provided in the future Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 4 Bought inventory worth $4,000 on credit from a supplier. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 5 Paid rent of $1,500 for the month Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 6 Borrowed $6,000 from a bank Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 7 Purchased a company vehicle for $15,000, making a down payment of $5,000 in cash and financing the rest. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 8 Received a $2,000 loan from a family member. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 9 Sold goods for $7,000 in cash Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 10 Paid $3,500 to settle a portion of the accounts payable to a supplier Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 11 Paid $800 for utilities for the month Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 12 Acquired a loan from a private investor for $12,000 Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 13 Received a $500 payment to settle a portion of the accounts receivable from a customer Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 14 Purchased office supplies worth $200 on credit. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 15 Sold $3,000 worth of goods to a customer on credit. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 16 Repaid $4,000 of the bank loan. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 17 Purchased office furniture for $2,500 in cash. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 18 Received a $1,200 utility bill, which will be paid next month. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 19 Sold goods for $5,000 on credit to a customer. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses 20 Repaid $2,000 of the loan from the private investor. Choose one or more answers a Assets b Liabilities c Equity d Revenue e Expenses
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