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Below are several transactions that took place in Seneca Company last year: a . Paid suppliers for inventory purchases. b . Bought equipment for cash.
Below are several transactions that took place in Seneca Company last year:
a Paid suppliers for inventory purchases.
b Bought equipment for cash.
c Paid cash to repurchase its own stock.
d Collected cash from customers.
e Paid wages to employees.
f Sold equipment for cash.
g Sold common stock to investors.
h Paid cash dividends.
i Made longterm loan to a supplier.
j Paid income taxes to the government.
k Paid interest to a lender.
I. Retired bonds by paying the principal amount due.
Required:
Indicate how each of the above transactions would be classified on a statement of cash flows. As appropriate, place an in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column.
tableTransactionActivity,Cash Flowa Paid suppliers for inventory purchases,,b Bought equipment for cash,,c Paid cash to repurchase its own stock,,d Collected cash from customers,,e Paid wages to employees,,f Sold equipment for cash,,g Sold common stock to investors,,h Paid cash dividends,,i Made longterm loan to a supplier,,j Paid income taxes to the government,,k Paid interest to a lender,,I Retired bonds bv pavina the principal amount due,,
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