According to its annual report, Wendy’s International serves “the best hamburgers in the business” and other fresh food including salads, chicken sandwiches, and baked potatoes in more than 6,600 restaurants worldwide. The company operates its own restaurants and sells franchises to others. The following activities were inferred from a recent annual report.
a. Purchased food and paper products; paid part in cash and the rest on account.
b. Purchased additional investments.
c. Incurred restaurant operating costs in company-owned facilities; paid part in cash and the rest on account.
d. Served food to customers for cash.
e. Used food and paper products.
f. Paid cash dividends.
g. Sold franchises, receiving part in cash and the rest in notes due from franchisees.
h. Paid interest on debt incurred and due during the period.
Required:
For each of the transactions, write down the tabulation, indicating the effect (+ for increase and – for decrease) of each transaction.