Refer to E3€“ 15.

a. Received a $ 600 deposit from a customer who wanted her piano rebuilt.

b. Rented a part of the building to a bicycle repair shop; received $ 820 for rent in January.

c. Rebuilt and delivered five pianos to customers who paid $ 18,400 in cash.

d. Received $ 7,200 from customers as payment on their accounts.

e. Received an electric and gas utility bill for $ 520 to be paid in February.

f. Ordered $ 960 in supplies.

g. Paid $ 2,140 on account to suppliers.

h. Received from Ella Sbrocchi, the major shareholder, a $ 920 tool (equipment) to use in the business in exchange for the company€™s shares.

i. Paid $ 15,000 in wages to employees for work in January.

j. Declared and paid a cash dividend of $ 2,600.

k. Received and paid for the supplies ordered in (f).

Required

Use the following chart to identify whether each of the transactions in E3€“ 15 results in a cash flow effect from operating (O), investing (I), or financing (F) activities, and indicate the direction and the effect on cash (+ for increase and €“ for decrease). If there is no cash flow effect, write €œnone.€ The first transaction is provided as an example.

Transcribed Image Text:

Operating, Investing, Direction and Amournt or Financing Effect Transaction of the Effect +600