Question: ACCT 200 Live Zoom: Chapter 12 Worksheet Remember to complete this worksheet after class as there will be questions on the Ch. 12 Lecture Quiz

ACCT 200 Live Zoom: Chapter 12 Worksheet Remember to complete this worksheet after class as there will be questions on the Ch. 12 Lecture Quiz from this document. 1) Determine the appropriate classification of each of the following transactions in a statement of cash flows (operating, investing or financing), and indicate if it is a cash inflow or a cash outflow: a. Issued 10,000 shares of no-par common stock for $80,000 in cash b. Purchased supplies for cash C. Collected $20,000 cash for services performed d. Purchased $50,000 in US Treasury securities e. Paid employees $12,000 for salaries and wages f. Borrowed $100,000 from First National Bank, signing a 3 year note bearing 5% interest g. Purchased a building for $3.5 million h. Paid stockholders a cash dividend of $15,000 i. Sold a piece of plant equipment for $15,000 cash j. Paid income taxes of $80,000 2) Container Co. had net sales revenue in 2019 of $5,000,000. Accounts receivable at 12/31/18 totaled $75,000, and at 12/31/19 totaled $54,000. What was Container Co.'s cash receipts from customers in 2019
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