Question: please help i am really struggling with these. .. Search Moode Genting Started 6 Tradtiona/CAP. Schwy dons Mackp All-Star Automotive Company experienced the following accounting
.. Search Moode Genting Started 6 Tradtiona/CAP. Schwy dons Mackp All-Star Automotive Company experienced the following accounting events during 2018 1. Performed services for $25,000 cash. 2. Purchased land for $6,000 cash. 3. Hired an accountant to keep the books. 4. Received $50,000 cash from the issue of common stock 5. Borrowed $5,000 cash from State Bank. 6. Paid $14,000 cash for salary expense. 7. Sold land for $9,000 cash. 8. Paid $10,000 cash on the loan from State Bank. 9. Paid $2,800 cash for utilities expense. 10. Paid a cash dividend of $5,000 to the stockholders. ces Required the events would be classified on the statement of cash flows as operating activities (OA), investing activiti Automotive Company had a beginning cash balance of $9,000 on a. Indicate how each of would be (IA), financing activities (FA), or not applicable (NA). b. Prepare a statement of cash flows for 2018 January 1, 2018. Complete this question by entering your answers in the tabs below Required A Required B Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), investing activities (LA), financing activities (FA), or not applicable (NA)
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