Chapter & Cash and internal Contrats Financial Accounting SUMMER 120324081 Chapter 4 Assignment i eztomheducat 15 pom 2 01 Below are several transactions for Meyers Corporation for 2021 a Issue common stock for cash, $55.000 b. Purchase building and land with cash, $40,000 c. Provide services to customers on account, $7,500 d. Pay utilities on building, $1,250 e Collect $5.500 on account from customers Pay employee salaries $9,500 g Pay dividends to stockholders, $4,500. Required: 1. For each transaction, determine the amount of cash flows. If cash is involved in ta classify it as operating, investing, or financing in a statement of cash flows. (Ente statement. List cash outflows as negative amounts.) Transaction Cash Flows or Financing un common stock for cash Purchase building and land with cash Provide services to customers on account Collect cash from customer on account Pay didends to stockholders 3 #3 2 Q W & 7