US b Cash received for services performed a Amounts paid to

US (b) Cash received for services performed. (a) Amounts paid to employees. (t) Cash received in exchange for allowing the use of the company\'s building (9) Costs incurred for utiities used h) Cash purchase of equipment 10

Solution

Solution: Transactions Affects Account Title (a). Costs incurred for advertising Expense Advertising Expense (b). Cash received for services performed Revenue Service Revenue (c). Costs incurred for insurance. Expense Insurance Expense (d). Amounts paid to employees Expense Salaries and Wages Expense (e). Cash distributed to stockholders Dividends Not applicable (f). Cash received in exchange for allowing the use of the company’s building. Revenue Rent Revenue (g). Costs incurred for utilities used Expense Utilities Expense (h). Cash purchase of equipment Does not affect Stockholders\' Equity Not applicable (i). Cash received from investors Common Stock Not applicable Notes: Common stock is shareholders fund that is invested in the company. Dividends are payments made by companies to its stockholders by sharing its net profit or accumulated profits it had regularly or occasionally. Expenses are costs incurred for assets or services which is used to generate Revenue Revenue is increment of assets of entity from sale of products or rendering of services. Please feel free to ask if anything about above solution in comment section of the question.