Question: check what its missing it says that the question its icomplete Return to question 6 points 1 The following transactions occurred during March 2021 for

check what its missing it says that the question its icomplete Returnto question 6 points 1 The following transactions occurred during March 2021for the Wainwright Corporation. The company owns and operates a wholesale warehouse.1. Issued 43,000 shares of common stock exchange for $430,000 in cash.check what its missing it says that the question its icomplete

Return to question 6 points 1 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 43,000 shares of common stock exchange for $430,000 in cash. 2. Purchased equipment at a cost of $66,000. $23,000 cash was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $116,000. The company uses the perpetual inventory system. 4 Credit sales for the month totaled $133,000. The cost of the goods sold was $83,000. 5. Paid $6,300 in rent on the warehouse building for the month of March. 6. Paid $7,300 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. 7. Paid $83,000 on account for the merchandise purchased in 3. 8. Collected $68,000 from customers on account. 9. Recorded depreciation expense of $2,300 for the month on the equipment. Required: 1. Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activity (a transaction can represent more than one type of activity). Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze each transaction by indicating the cash effect and classify each as a financing, investing, and/or operating activity (a transaction can represent more than one type of activity). (Amounts to be deducted should be indicated with a minus sign. If there is no cash effect, leave cell blank.) Operating Investing Financing 1. 430,000 2. 3. 4. 5. 6. 7. 8. 9. 430,000 Required 2 $ (6,300) (7,300) (83,000) 68,000 (28,600) (23,000) (23,000) Required 1 WAINWRIGHT CORPORATION Statement of Cash Flows For the Month Ended March 31, 2021 $ Cash flows from operating activities: Cash received from customers Cash paid for merchandise Net cash flows from operating activities Cash flows from investing activities: Purchase of equipment Net cash flows from investing activities Cash flows from financing activities: Issuance of common stock Net cash flows from financing activities Net increase in cash Cash and cash equivalents, March 1 Cash and cash equivalents, March 31 68,000 (83,000) (23,000) 430,000 $ (15,000) (23,000) 430,000 392,000 53,000 $ 445,000 Purchase of equipment Net cash flows from investing activities Cash flows from financing activities: Issuance of common stock Net cash flows from financing activities Net increase in cash Cash and cash equivalents, March 1 Cash and cash equivalents, March 31 Noncash investing and financing activities: Cost of equipment Cash paid Note issued Required 1 (23,000) 430,000 $ $ $ Required 2 (23,000) 430,000 392,000 53,000 445,000 66,000 (23,000) 43,000

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