Classify each of the following events as either, a revenue, expense or neither. You should also describe why it is classified as a revenue, expense or neither.
a. Spencer provides services to a client. The client had agreed up front that they would give Spencer capital stock in lieu of cash for his service.
b. Spencer provides $800 in services to client and sends the client the bill.
c. Spencer receives the utility bill for electricity in the mail
d. Spencer transfers $100 to his personal checking account
e. Spencer receives the water bill and pays it immediately with a check
f. Spencer hires a student to run errands for the business. The student has worked the last two weeks, with today being the end of the pay period.
g. Spencer provides $500 in services to a client who pays in cash.