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Complete the below table indicating (a) whether each transaction increases (t), decreases (), or has no effect on cash: (0) wilat other account beside Cash
Complete the below table indicating (a) whether each transaction increases (t), decreases (), or has no effect on cash: (0) wilat 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: 5. Collected one of the accounts receivable. 6. Paid employees. 7. Paid dividends previously declared. Common shares Salaries expense Service revenue Interest expense Equipment Land/common shares 8. Issued common shares. Bank loan payable Accounts receivable Dividends payable 9. Sold merchandise to a Sales customer. 10. Purchased land by issuing common shares. Investing activity Financingactivity Operating activity eTextbook and Media Noncash investing and financing activity
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