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Below are several transactions for a company, a small manufacturer of decorative glass designs. Required: For each transaction indicate (1) whether cash is involved (yes

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Below are several transactions for a company, a small manufacturer of decorative glass designs. Required: For each transaction indicate (1) whether cash is involved (yes or no), and, if cash is involved. (2) whether a company should classify it as operating Investing, or financing in a statement of cash flows, and (3) whether the cash is an intlow or outflow. Select N/A If the question is not applicable to the statement Transaction Cash Involved? (Yes or No) Operating, Investing, or Financing? (if cash involved) Inflow or Outflow? Borrow cash from the bank Purchase supplies on account c. Purchase equipment with cash d. Provide services on account e. Pay cash on account for b. above 1 Sell for cash a warehouse no longer in use g. Receive cash on account for d. above h Pay cash to workers for salaries

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