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A company had the following transactions during the year: 1. Paid rent for the next two years, $8,500. 2. Purchased office supplies on account, $3,100.
A company had the following transactions during the year: 1. Paid rent for the next two years, $8,500. 2. Purchased office supplies on account, $3,100. 3. Purchased equipment, paying $10,000 cash and issuing a note payable for $4,000. 4. Borrowed from the bank. $6,400 5. Paid employee salaries, $7,500. 6. Paid $1,600 on account related to transaction 2 above. 7. Paid dividends to stockholders, $2,600. 8. Sold land for $10,100 that was purchased in a prior year for $7,900. 9. Collected cash from customers for services provided, $25,300, Calculate cash flows from operating activities, investing activities, and financing activities (Cash outflows should be indicated with a minus sign.) Operating activities Investing activities Financing activities
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