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1. Performed services for $15,300 cash. 2. Purchased land for $8,300 cash. 3. Hired an accountant to keep the books. 4. Received $43,000 cash from
1. Performed services for $15,300 cash. 2. Purchased land for $8,300 cash. 3. Hired an accountant to keep the books. 4. Received $43,000 cash from the issue of common stock. 5. Borrowed $10,600 cash from State Bank. 6. Paid $5,300 cash for salaries expense. 7. Sold land for $10,600 cash. 8. Paid $4,300 cash on the loan from State Bank. 9. Paid $5,500 cash for utilities expense. 10. Paid a cash dividend of $2,300 to the stockholders. Required a. Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investin activities, or financing activities. b. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $10,300. (The company has additional accounts, but they are not needed for this question.) Complete this question by entering your answers in the tabs below. Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing activities, or financing activities. 1. Performed services for $15,300 cash. 2. Purchased land for $8,300 cash. 3. Hired an accountant to keep the books. 4. Received $43,000 cash from the issue of common stock. 5. Borrowed $10,600 cash from State Bank. 6. Paid $5,300 cash for salaries expense. 7. Sold land for $10,600 cash. 8. Paid $4,300 cash on the loan from State Bank. 9. Paid $5,500 cash for utilities expense. 0 . Paid a cash dividend of $2,300 to the stockholders. Required a Indicate how each of the events would be classified on the statement of cash flows by selecting operating activities, investing activities, or financing activities. . Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $10,300. (The company has additional accounts, but they are not needed for this question.) Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows. Assume All-Star Automotive had a beginning cash balance of $10,300. (The company has additional accounts, but they are not needed for this question.) (Cash outflows should be indicated with a minus sign.)
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