The following business transactions represent selected cash receipts (cash inflows) and cash payments (cash outflows) of Burlingame Tuxedo. A blank form is provided in the Working Papers. Work independently to complete this problem.

1. Identify each transaction as 

(1) a cash inflow or cash outflow

(2) as an operating, investing, or financing activity.

a. Receipts from the issue of bonds.

b. Cash purchase of office furniture.

c. Salary expense.

d. Receipts from tuxedo rentals.

e. Receipts from the issue of a mortgage.

f. Cash receipt from sale of equipment. 

g. Cash purchase of treasury stock. 

h. Payment of property taxes.