For the transactions in M2-6 (including the sample), identify each as an investing (I) activity or financing (F) activity on the statement of cash flows for January

Data From in M2-6

For each of the following transactions of jonesSpa Corporation for the month of January, indicate the  accounts, the amounts, and the direction of the effects on the accounting equation. A sample is provided.
a. (Sample) Borrowed $30,000 from a local bank; the loan is due in nine months.
b. Lent $10,000 to an affiliate; accepted a note due in one year.
c. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $5 per share; received cash.
d. Purchased $15,000 of equipment, paying $5,000 cash and signing a note for the rest due in one year. e. Declared $2,000 in cash dividends to stockholders, to be paid in February.

Transcribed Image Text:

Assets a. Sample: Cash +30,000 Liabilities Notes payable +30,000 + Stockholders' Equity