document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1160824>Question 1160824</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Transactions for Sand Company are presented below. Identify each transaction by number.<BR>\n" );
document.write( "1.	The company issued common stock in exchange for $500,000 cash.<BR>\n" );
document.write( "2.	Hired an employee to be paid $2,000 per week, starting tomorrow.<BR>\n" );
document.write( "3.	Purchased $8,000 of supplies on account.<BR>\n" );
document.write( "4.	Purchased equipment for $60,000, paying $40,000 in cash and signed a 30-day, $20,000, note payable.<BR>\n" );
document.write( "5.	Performed services for a customer on account for $60,000 and the customer                           promises to pay within this month.<BR>\n" );
document.write( "6.	Paid $4,000 in cash for the current month's rent.<BR>\n" );
document.write( "7.	Paid $5,000 cash on account for supplies purchased in transaction 3.<BR>\n" );
document.write( "8.	Received a bill for $5,500 for advertising for the current month.<BR>\n" );
document.write( "9.	Paid $24,000 cash for salaries.<BR>\n" );
document.write( "10.	The company paid dividends of $18,000.<BR>\n" );
document.write( "11.	Received $26,000 for services previously performed on account.<BR>\n" );
document.write( "Instructions: Read each of the above transactions, then:<BR>\n" );
document.write( "a)	Journalize each transaction (you may omit journal explanations) <BR>\n" );
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document.write( "b)	Open T account for Cash and post the journal entries to Cash account ONLY, and then compute its balance. <BR>\n" );
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