Marni Restaurant Company engaged in the following transactions during March, its first month of operations.
a. Received $100,000 cash from the sale of stock.
b. Purchased $20,000 of inventory from J&J Wholesale Company.
c. Purchased $30,000 of kitchen equipment for its restaurants.
d. Obtained a $25,000 loan from First State Bank.
e. Sold $18,000 of food to customers.
f. Paid employee weekly salaries of $8,500.
g. Repaid $10,000 of principal relating to the loan in Item d.
Required:
For each of the above business activities, indicate whether it is an operating, investing, or financing activity.