A variety of transactions follows. Identify each transaction as an operating (O), investing (I), financing (F), or

Question:

A variety of transactions follows. Identify each transaction as an operating (O), investing (I), financing (F), or other noncash (NC) event. Put the correct letter( s) in the space provided.
________ A. Borrowed $ 50,000 on a long- term note payable.
________ B. Made a sale for $ 2,500 on open account.
________ C. Reclassified as a short-term liability the long- term notes payable of $ 30,000 now due within one year.
________ D. Purchased a building for $ 120,000 with a $ 20,000 cash down payment and signed a long- term note payable for the balance.
________ E. Paid the value of $ 1,050 on a short- term note payable with a of $ 1,000.
________ F. Wrote off $ 500 in uncollectible accounts receivable.
________ G. Paid the liability for accrued wages payable of $ 700 as well as the current period’s wages of $ 4,500.
________ H. Paid $ 2,000 on accounts payable.
________ I. Sold marketable securities that cost $ 12,000 for $ 12,750.
________ J. Issued 200 shares of $ 5 in payment for equipment having a fair market value of $ 17,400.
Common Stock
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Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...