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Question(s) / Instruction(s):

ACCT2020 Presented below are a number of transactions. Determine whether each transaction affects:

Common stock 




Does not affect stockholders\' equity

Provide titles for the revenues and expenses. (The first one is completed for you as an example.)

Affects                                 Transaction                                         Account Title

Expense               (a) Costs incurred for advertising.             Advertising Expense

(b) Assets received for services performed.       


(c) Costs incurred for insurance.                 


(d) Amounts paid to employees.             


(e) Cash distributed to stockholders.     


(f) Assets received in exchange for the use of the company\'s building.  


(g) Costs incurred for utilities used.          


(h) Cash purchase of equipment.            


(i) Issued common stock for cash.

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