For each of the transactions in E1-16A, tell whether the transaction was an operating, investing, or financing

Question:

For each of the transactions in E1-16A, tell whether the transaction was an operating, investing, or financing activity.
In E1-16A, 1. John contributed $16,500 of personal savings in exchange for to start the business.
2. The company purchased $7,500 of inventory (plants and shrubs) from a gardening wholesaler in Kansas.
3. The company purchased three riding lawn mowers at a cost of $5,000 each.
4. The company paid rent expense of $500 the first month.
5. The company earned service revenue of $9,000 and sold the entire $7,500 of inventory it had purchased to customers for $13,250 cash.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...