Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of each
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Cash Inflow or Outflow CO Transaction Type of Activity 1. Payment of employee salaries 2. Sale of land for cash. 3. Purchase of rent in advance. Collection of an account receivable. 5. Issuance of common stock 6. Purchase of inventory. 7. Collection of notes receivable. 8. Payment of income taxes. 9. Sale of equipment for a note recelvable. 10. Issuance of bonds. 11. Loan to another firm. 12. Payment of a long-term note payable 13. Purchase of treasury stock 14. Payment of an account payable. 15. Sale of equipment for cash.
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Related Book For
Financial Accounting
ISBN: 978-1259307959
4th edition
Authors: David Spiceland, Wayne Thomas, Don Herrmann
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