Prepare T-accounts and journal entries based on the following transactions: (1) a service company takes out a $50,000 bank loan; (2) it buys an industrial lawn mower for $20,000 on credit; and (3) it performs landscaping services for a customer and sends them an invoice for $1,500 that is due in 30 days.

marketing strategies should be established before marketing objectives are decided. t/f

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Why should managers invest any excess cash