Question: EA-14 Below are several transactions for Witherspoon Incorporated, a small manufacturer of decorative glass designs. Operating, Investing, or Financing? Cash Involved? (Iif cash Inflow or

of decorative glass designs. Operating, Investing, or Financing? Cash Involved? (Iif cash

EA-14 Below are several transactions for Witherspoon Incorporated, a small manufacturer of decorative glass designs. Operating, Investing, or Financing? Cash Involved? (Iif cash Inflow or Transaction (yes or no) involved) Outflow? a. Borrow cash from the bank. b. Purchase supplies on account c. Purchase equipment with cash. d. Provide services on account e. Pay cash on account for b. above. f Sell for cash a warehouse no longer in use. g. Receive cash on account for d. above. h. Pay cash to workers for salaries

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