Essay
For each of the following transactions,indicate the type by entering AS for asset source transactions,AU for asset use transactions,AE for asset exchange transactions,and CE for claims exchange transactions.
1)____Paid $2,000 in dividends to its stockholders.
2)____Recorded the accrual of $1,000 in salaries to be paid later.
3)____Issued common stock for $20,000 in cash.
4)____Earned revenue to be collected next year.
5)____Paid the salaries accrued in #2 above.
6)____Received cash from customers in #4 above.
7)____Purchased supplies on account.
8)____Received $500 from a customer for services to be provided later.
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