Question: Refer to E3 15 a Received a 600 deposit

Refer to E3– 15.
a. Received a $ 600 deposit from a customer who wanted her piano rebuilt.
b. Rented a part of the building to a bicycle repair shop; received $ 820 for rent in January.
c. Rebuilt and delivered five pianos to customers who paid $ 18,400 in cash.
d. Received $ 7,200 from customers as payment on their accounts.
e. Received an electric and gas utility bill for $ 520 to be paid in February.
f. Ordered $ 960 in supplies.
g. Paid $ 2,140 on account to suppliers.
h. Received from Ella Sbrocchi, the major shareholder, a $ 920 tool (equipment) to use in the business in exchange for the company’s shares.
i. Paid $ 15,000 in wages to employees for work in January.
j. Declared and paid a cash dividend of $ 2,600.
k. Received and paid for the supplies ordered in (f).
Use the following chart to identify whether each of the transactions in E3– 15 results in a cash flow effect from operating (O), investing (I), or financing (F) activities, and indicate the direction and the effect on cash (+ for increase and – for decrease). If there is no cash flow effect, write “none.” The first transaction is provided as an example.

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