A start-up company often engages in the following transactions in its first year of operations. Classify those transactions in one of the three major categories of an organization’s business activities.
F. Financing
I. Investing
O. Operating
1. Owner investing land in business.
2. Purchasing a building.
3. Purchasing land.
4. Borrowing cash from a bank.
5. Purchasing equipment.
6. Selling and distributing products.
7. Paying for advertising.
8. Paying employee wages.