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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.

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