classification as O for operating activity, I for investing activity, or F for financing activity. 1. Purchased new equipment with cash. 2. Recorded and paid income taxes. 3. Issued shares of stock for cash. 4. Prepaid rent for the following month. 5. - Paid cash to repurchase common stock issued in \#3 above. 6. Received cash in exchange for issuance of long-term note payable. 7. Collected cash paid by customers on their accounts. 8. __Paid salaries of employees