For each of the following economic events determine whether the event is a business transaction on the date it occurs and whether it's recognized in the accounts on that date.Support your answer.
a On July 15,the controller of Kona Corporation orders a custom display case for the company's store.
b.On July 31,a new administrative assistant is hired at a monthly salary of $3,500.
c.On July 31,the controller of Kona Corporation receives a bill for electricity for the month of July.The bill is due on August 18 and will be paid on that date.

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The Answer of For each of the following economic events determine whether the event is a business transaction on the date it occurs and whether it's recognized in the accounts on that date.Support your answer.
a On July 15,the controller of Kona Corporation orders a custom display case for the company's store.
b.On July 31,a new administrative assistant is hired at a monthly salary of $3,500.
c.On July 31,the controller of Kona Corporation receives a bill for electricity for the month of July.The bill is due on August 18 and will be paid on that date.

For Each of the Following Economic Events Determine Whether the Event