Below are typical transactions for Hewlett-Packard? Type of business activityTransactions 1. ______________Pay amount owed to the bank

Question:

Below are typical transactions for Hewlett-Packard?

Type of business activityTransactions

1. ______________Pay amount owed to the bank for previous borrowing

2. ______________Pay utility costs

3. ______________Purchase equipment to be used in operations

4. ______________Provide services to customers

5. ______________Purchase office supplies

6. ______________Purchase a building

7. ______________Pay workers’ salaries

8. ______________Pay for research and development costs

9. ______________Pay taxes to the IRS

10._____________Sell common stock to investors

Required:

Indicate whether each transaction is classified as a financing, investing, or operating activity.

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...