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A company had the following transactions during the year: 1. Paid rent for the next two years, $8,800. 2. Purchased office supplies on account, $3,200.
A company had the following transactions during the year: 1. Paid rent for the next two years, $8,800. 2. Purchased office supplies on account, $3,200. 3. Purchased equipment, paying $15,000 cash and issuing a note payable for $5,000. 4. Borrowed from the bank, $7,000. 5. Paid employee salaries, $7,800. 6. Paid $1,900 on account related to transaction 2 above. 7. Paid dividends to stockholders, $3,400. 8. Sold land for $10,700 that was purchased in a prior year for $7,700. 9. Collected cash from customers for services provided, $25,700. 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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