23. Indicate on the blanks below the letter of the type of activity (O = operating activity, F = financing activity, I = investing activity, N = noncash transaction) each of the following transactions represents. If a transaction is N Noncash it is ONLY noncash.

______ a. Bought land and buildings by taking out a long-term mortgage payable

______ b. Declared and paid cash dividends

______ c. Received interest income in cash

______ d. Collected on Accounts Receivable in cash

______ e. Paid off long-term debt with cash

______ f. Purchased equipment with cash

24. Anchor Steam has the following transactions related to dividends. Make the appropriate journal entries. If no journal entry is required, write No Entry.

December 1, 2019 Declared a cash dividend of $2.00 per share to all 200,000 shareholders.

December 15, 2019 Date of record for receiving the dividends declared on December 1^st.

December 24, 2019 Paid the Dividends declared on December 1^st in cash.