The following transactions take place in 2000:
1. An elderly couple go to the movies and pay $150
for the tickets.
2. A family sells numerous knick-knacks at a garage sale for $125
.
3. A young executive buys 100 shares of IBM for $10 comma 000
.
4. A college student receives $800
from his parents.
5. A young couple down on their luck receive food stamps worth $230
.
6. A plumber performs work for a neighbor and receives $125
in cash that he doesn't record in his company's records.
7. A physician operates on a friend's husband and charges $2 comma 000
for the operation instead of her usual $5 comma 000
.
8. A teenager paints the porch on his parents' house. The paint cost $95
.
The cost of hiring a professional to do the job would have been $400
.
9. A high school graduate works a summer job and makes $7 comma 000
.
10. The Federal Reserve Bank sells a bond for $2 comma 000
.
11. A non-profit organization receives a donation of $500
.
12. A small business owner rents office space for $1,500
a month.
13. A person wins $1,000
in a raffle.
14. A couple gets married and spends $20,000
on the wedding.
15. A retiree withdraws $2,500
from their retirement account.
16. A company purchases a new piece of equipment for $25,000
.
17. A person buys a car for $12,000
using a loan from the bank.
18. A construction company completes a project and bills the client $50,000
.
19. A school district receives $1 million
in funding from the state government.
20. A homeowner pays $2,000
for property taxes.
Here are the step-by-step transactions:
1. An elderly couple go to the movies and pay $150 for the tickets.
- Transaction: Purchase of movie tickets
- Amount: $150
2. A family sells numerous knick-knacks at a garage sale for $125.
- Transaction: Sale of knick-knacks at a garage sale
- Amount: $125
3. A young executive buys 100 shares of IBM for $10,000.
- Transaction: Purchase of 100 shares of IBM
- Amount: $10,000
4. A college student receives $800 from his parents.
- Transaction: Receipt of money from parents
- Amount: $800
5. A young couple down on their luck receive food stamps worth $230.
- Transaction: Receipt of food stamps
- Amount: $230
6. A plumber performs work for a neighbor and receives $125 in cash that he doesn't record in his company's records.
- Transaction: Receipt of cash payment for plumbing work (unrecorded)
- Amount: $125
7. A physician operates on a friend's husband and charges $2,000 for the operation instead of her usual $5,000.
- Transaction: Charging reduced fee for a medical operation
- Amount: $2,000 (usual fee would have been $5,000)
8. A teenager paints the porch on his parents' house. The paint cost $95. The cost of hiring a professional to do the job would have been $400.
- Transaction: Painting the porch
- Amount spent: $95 (for paint)
- Amount saved: $400 (by not hiring a professional)
9. A high school graduate works a summer job and makes $7,000.
- Transaction: Earning money from a summer job
- Amount earned: $7,000
10. The Federal Reserve Bank sells a bond for $2,000.
- Transaction: Sale of a bond by the Federal Reserve Bank
- Amount: $2,000