Question: Given the transactions in M3-7 and M3-8 (including the examples), indicate how the transactions will affect the statement of cash flows for Craig's Bowling, Inc.,

Given the transactions in M3-7 and M3-8 (including the examples), indicate how the transactions will affect the statement of cash flows for Craig's Bowling, Inc., for the month of July. Create a table similar to the one below for transactions (a) through (j). Use O for operating, I for investing, and F for financing activities and indicate the direction of their effects on cash (+ for increases in cash; - for decreases in cash). Also include the amount of cash to be reported on the statement. If there is no effect on the statement of cash flows, write NE.

Type of Activity Effect on Cash Flows + or- and amount) Transaction a. b. etc (O. I, or F)

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