Question

All of the following are examples of a business transaction except Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A. Thomas invests $2,000 in her business. b A. Thomas purchases a computer system on account to be used in her business. c A. Thomas gives an $800 quote to a potential client for services requested. d A. Thomas writes check 1002 out of the business checking account to pay the first month's rent on the space her business is leasing.

Answer 1

Answer:

a A. Thomas invests $2,000 in her business.

DOES NOT QUALIFY AS A BUSINESS TRANSACTION, THIS QUALIFIES AS AN INVESTMENT TRANSACTION

Explanation:

Business transactions must involve two distinct parties, and must result in the exchange of goods or services. Thomas invested on he business, and that is considered an investment transaction, not a business transaction.

b A. Thomas purchases a computer system on account to be used in her business. QUALIFIES AS BUSINESS TRANSACTION, INCREASES ASSETS AND LIABILITIES

c A. Thomas gives an $800 quote to a potential client for services requested.

QUALIFIES AS BUSINESS TRANSACTION, INCREASES REVENUE AND INCOME

d A. Thomas writes check 1002 out of the business checking account to pay the first month's rent on the space her business is leasing. QUALIFIES AS BUSINESS TRANSACTION, INCREASES EXPENSES AND REDUCES INCOME

Answer 2

Answer:

c

Explanation:

The 800 dollars is a quote but it is not known if the client decided to buy the service or not.