Question
Complete the below table indicating (a) whether each transaction increases (+), decreases (-), or has no effect on cash; (b) what other account beside Cash
Complete the below table indicating (a) whether each transaction increases (+), decreases (-), or has no effect on cash; (b) what other account beside Cash is affected in the transaction; and (c) whether the transaction should be classified as an operating activity, investing activity, financing activity, or noncash investing and financing activity. The first one has been done for you as an example.
A list of transactions is below:
(a)
Cash
b) NON cash
c) classification
1.
2.
3.
4.
5.
6.
7.
9.
10.
Provided services to a customer.
Repaid a bank loan.
Paid interest on the bank loan.
Purchased equipment.
Collected one of the accounts receivable.
Paid employees.
Paid dividends previously declared.
Issued common shares.
Sold merchandise to a customer.
Purchased land by issuing common shares.
Complete the below table indicating (a) whether each transaction increases (+), decreases (), or has no effect on cash; (b) what other account beside Cash is affected in the transaction; and (c) whether the transaction should be classified as an operating activity, investing activity, financing activity, or noncash investing and financing activity. The first one has been done for you as an example
Complete the below table indicating (a) whether each transaction increases (+), decreases (-), or has no effect on cash; (b) what other account beside Cash is affected in the transaction; and (c) whether the transaction should be classified as an operating activity, investing activity, financing activity, or noncash investing and financing activity. The first one has been done for you as an example.
A list of transactions is below:
(a)
Cash
b) NON cash
c) classification
1.
2.
3.
4.
5.
6.
7.
9.
10.
Provided services to a customer.
Repaid a bank loan.
Paid interest on the bank loan.
Purchased equipment.
Collected one of the accounts receivable.
Paid employees.
Paid dividends previously declared.
Issued common shares.
Sold merchandise to a customer.
Purchased land by issuing common shares.
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