- 10 ili View Policies Current Attempt in Progress Sandhill Corporation had the following transactions of the transaction has no effect on cash, leave the Cash Effect and Classification fields blank.) la In the below table, indicate by how much each transaction increases or decreases cash. If the transaction has no effect on cash, say so Identify whether the transaction should be dassified as an operating activity, investing activity, financing activity noncash investing and financing activity.or leave blank 5 1 Issued common shares for $52,000. 2 Purchased a machine for 536,000. Made a 55,700 down payment and issued a long-term note payable for the remainder. 3 Collected $15.000 of accounts receivable Pald a $30.000 cash dividend Sold a long-term investment with a carrying amount of $15.500 for $19.495. Sold inventory for $1.300 Pald 516,000 on accounts payable. Purchased a trading investment (equity securities for $140.000 Purchased levertory for $34.000 on account 30. Collected 52.000 in advance from customers 3. Pald $30 300 to repurchase and retire common shares 7 9 Current Attempt in Progress Sandhill Corporation had the following transactions: Of the transaction has no effect on cash, leave the Cash Effect and Classification fields blank:) (a) In the below table indicate by how much each transaction increases or decreases cash. If the transaction has no effect on cash, say so. Identify whether the transaction should be classified as an operating activity, investing activity, financing activity noncash investing and financing activity, or leave blank (b) 1 Issued common shares for $52,000. Purchased a machine for $36.000. Made a $5.700 down payment and issued a long-term note payable for the remainder. 2 3 Collected $15.000 of accounts receivable. Paid a $30.000 cash dividend. Sold a long-term investment with a carrying amount of $15.500 for $19.495 Sold mentory for $1.300. Pald $15.0000n accounts payable 03 Purchased a trading investment fequity securities for $140.000 Purchased invertory for 334,000 account 1 Issued common shares for $52,000. 21 Purchased a machine for $36,000. Made a $5,700 down payment and issued a long-term note payable for the remainder 3. Collected $15,000 of accounts receivable. 4. Paid a $30,000 cash dividend. 5 16. Sold a long-term investment with a carrying amount of $15,500 for $19.495. Sold inventory for $1,300. Paid $16,000 on accounts payable. Purchased a trading Investment fequity securities) for $140,000. 2 8 9 Purchased inventory for $34.000 on account. 10. Collected $2.000 in advance from customers. Paid $30.300 to repurchase and retire common shares. (a) Cash Effect (b) Classification V ste payable for the remainder. v $ v V v $ v $ v S $ $