Value Received = Value Parted With

(a) Paid rent for the office

Bought office supplies on credit

Wages of employees paid

Sold a truck for cash

Sold a chair on credit

Paid credit in transaction # 2:

Transaction # 2 - Bought office supplies on credit

Collected claim in transaction #5

Transaction #5 - Sold a chair on credit

Received cash for repairs done on a customer’s car

Paid electric and water bill

Bought merchandise in cash