Question

Webster Consulting experienced the following transactions for 2012, its first year of operations, and 2013. Assume that all transactions involve the receipt or payment of cash.

Transactions for 2012

1. Acquired $50,000 by issuing common stock.
2. Received $100,000 cash for providing services to customers.
3. Borrowed $15,000 cash from creditors.
4. Paid expenses amounting to $60,000.
5. Purchased land for $40,000 cash.

Answer 1

The subject of this question is Business and it is relevant to the topic of Financial Transactions. The transactions listed are examples of cash transactions for a business, including issuing common stock, receiving cash for services, borrowing cash, paying expenses, and purchasing land.

Step-by-step explanation:

The subject of this question is Business and it is relevant to the topic of Financial Transactions. The transactions listed are examples of cash transactions for a business, including issuing common stock, receiving cash for services, borrowing cash, paying expenses, and purchasing land. These transactions are important for a business to track its financial activities and evaluate its financial performance.The subject of this question is Business and it is relevant to the topic of Financial Transactions. The transactions listed are examples of cash transactions for a business, including issuing common stock, receiving cash for services, borrowing cash, paying expenses, and purchasing land