Braxton Corp. was organized on January 1, 2010, to operate a limousines service to and from the airport. For each of the following business activities, indicate whether it is a financing (F), investing (I), or operating (O) activity.
________1 . Issued shares of stock to each of the four owners.
________ 2. Purchased two limousines.
________3. Paid first month’s rent for use of garage.
________4. Obtained loan from local bank.
________ 5. Received cash from customer for trip to the airport.
________ 6. Paid driver first week’s wages.
________ 7 . Purchased 500-gallon fuel tank.