Identifying Events as Accounting Transactions
For each of the following events, which ones result in an exchange transaction for Dittman Company (Y for yes and N for no)?
− (1) Dittman Company purchased a machine that it paid for by signing a note payable.
− (2) The founding owner. Megan Dittman, purchased additional stock in another company.
− (3) The company borrowed S1.000.000 from a local bank.
− (4) Six investors in Dittman Company sold their stock to another investor.
− (5) The company lent SI 50.000 to a member of the board of directors.
− (6) Dittman Company ordered supplies from Staples to be delivered next week.
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