Question

In: Accounting

Which of the following is a transaction for Tyler Corporation? Tyler pays its employees $400 for...

Which of the following is a transaction for Tyler Corporation?

  1. Tyler pays its employees $400 for work done.
  2. Tyler considers renting office space that will cost $1,500 per month.
  3. Tyler agrees to perform services for a client, which will cost $7,000.
  4. Tyler places an order for supplies that will be delivered in two weeks. The supplies cost $200.

Solutions

Expert Solution

Tyler pays its employees $400 for work done as it is a part of financial activity that has occured in an organisation. According to GAAP(Generaly Accepted Accounting Principle) every company in US follow this principle as it helps in creating transparency and accuracy.

ekkarill92 answered 2 years ago
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