What kind of activity is described by each of the events
June 7th, 2024
What kind of activity is described by each of the events of the transactions below? (a),”Trude Co. buys a piece of equipment for $40,000.”(b),”Trude Co. borrows $50,000 from a bank, signing a long-term note payable.”(c),”Trude Co. pays $20,000 of its outstanding accounts payable.”(d),”May Corp. arranges $10,000 in new short-term borrowings from the bank.”(e),”May Corp. issues 1,000 of its common stock for $10 per share.”(f),”May Corp. sells one of the buildings it used for operations for $500,000.”(g),May Corp. receives interest revenue on invested funds.(h),May Corp. pays dividends to its investors.