Question

A company entered into the following transactions:
a. Purchased new machinery for $24,000 cash.
b. Paid a $2,500 account payable relating to inventory.
c. Recorded cash sales of $52,000.
d. Purchased a new warehouse for $275,000. The seller of the building accepted 10,000 shares of common stock as payment.
e. Issued bonds at face value for $25,000. f. Purchased 200 shares of treasury stock for $7,000.
g. Purchased a new light truck for $18,000 by signing a 180-day note payable.
h. Collected a $3,000 receivable from a customer.
i. Sold 250 shares of Microsoft stock for its book value of $25,000.
j. Paid $2,000 for renewal of an insurance policy.
k. Paid dividends of $5,000 in cash.
Required
Classify each transaction as a cash inflow or outflow from operating activities, investing activities, or financing activities, or as an item reported in a supplemental schedule of the statement of cash flows.


$1.99
Sales0
Views61
Comments0
  • CreatedJuly 16, 2015
  • Files Included
Post your question
5000