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Assume a company only entered into financing and investing activities and has prepared its journal entries and posted them to T-accounts. How would the related

Assume a company only entered into financing and investing activities and has prepared its journal entries and posted them to T-accounts. How would the related account balances be listed on its trial balance?

Multiple Choice

a. Credits first, followed by debits

b Debits first, followed by credits

c Alphabetically

d n descending order by dollar amount

Typical cash flows from investing activities include:

  • payments to purchase property and equipment.

  • repayment of loans.

  • proceeds from issuing notes payable.

  • receipts from cash sales.

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