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  3. fill in the space to classify each of the followin

Fill in the space to classify each of the following items as belonging in the...

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Accounting

Fill in the space to classify each of the following items as belonging in the revenue, expenditure, payroll, production, or financing cycle:
\table[[Item,Revenue,Expenditure,Payroll,Production,Financing],[\table[[1- establish a $10,000],[credit limit for a new],[customer]],,,,,],[\table[[2- Decide how many],[units to make next month]],,,,,],[\table[[3- Update the allowance],[of uncollectible accounts]],,,,,],[\table[[4- Record factory],[employee timecards]],,,,,],[5- Draw on line-of -credit,,,,,],[6- Pay utility bills,,,,,],[\table[[7- Collect payment on],[customer accounts]],,,,,],[\table[[8- Send an order to a],[vendor]],,,,,],[9- Pay sales commission,,,,,],[\table[[10- purchase raw],[materials]],,,,,],[11- Pay loan interest,,,,,],[\table[[12- Put purchased goods],[into the warehouse]],,,,,]]
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