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9. A company paid cash for the following items in July. Show your calculations for all answers. Rent 3,000 Equipment 10,000 Building 80,000 Repaid loan
9. A company paid cash for the following items in July. Show your calculations for all answers. Rent 3,000 Equipment 10,000 Building 80,000 Repaid loan to bank 9,000 Salaries 11,000 What was the total amount of cash paid for operating activities? What was the total amount of cash paid for investing activities? What was the total amount of cash paid for financing activities? 10. Use the accounting equation to solve for missing amounts: Covington Company's balance sheet includes the following amounts: Total Assets Common Stock Retained Earnings $ 12,800 $ 5,500 $ 4,800 What must be the amount of total liabilities? Show your calculations. 11. Tucson Company's balance sheet includes the following amounts: Total Assets $ 55,000 Total Liabilities $ 18,200 Retained Earnings $ 14,100 What must be the amount of the Common Stock account? Show your calculations
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