Identify accounting transactions The following things happened to Bartlett Ltd last month. Decide if each is an accounting transaction and explain briefly why it is or it isn’t. 1 A customer ordered...

Identify accounting transactions The following things happened to Bartlett Ltd last month. Decide if each is an accounting transaction and explain briefly why it is or it isn’t. 1 A customer ordered $6000 of products, to be shipped next month. 2 Another customer paid $528 for some marketing advice from the company. 3 Bartlett’s share price went up by $0.50. As there are 100 000 shares outstanding, this was a value increase of $50 000. 4 Bartlett ran an advertisement on TV, and promised to pay the TV station the $2000 cost next month. 5 One of the company’s employees worked overtime, earning $120 that would be paid next pay period. 6 The company paid a teenager $50 to compensate for a ripped shirt that occurred when the teenager tried to run away after being accused of shoplifting. 7 Bartlett received a shipment of new goods for sale, paying $1000 cash and agreeing to pay the other $12 250 in a few days. 8 Bartlett paid the other $12 250. 9 The company made a donation to a political party of $500. (The donation turned out later to have been against the election law, to the company’s embarrassment.) 10 Grand Bank made the company a $20 000 short-term loan.