Practice prompt · Q:transactions-to-statements/recordable-events-002

Which business events enter the records?

Distinguish recordable transactions from business events that do not change an account balance.

Updated Sep 10, 2026 Review due Nov 30, 2026

Practice

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Alder Print experiences these events:

It prepares a sales proposal.
It places a cancellable order for supplies.
It accepts delivery of $2,800 of supplies on credit.
It interviews a job candidate.
An employee completes $900 of work that will be paid next week.

Which events should Alder record when they occur?

Choose the best answer. A Record the accepted delivery and the employee's completed work. B Record the sales proposal and the cancellable order. C Record the job interview and the employee's completed work. D Record all 5 events because each one affects the business.

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Answer: A

The accepted delivery increases Supplies and Accounts Payable. The completed employee work increases Wages Expense and Wages Payable. The proposal, cancellable order, and interview do not change any account balances under the stated facts.