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Consider the scenarios below. Which of the four cash flow rules apply? Is the action a source or use of cash? Sold $1,000 Air Jordans

  1. Consider the scenarios below. Which of the four cash flow rules apply? Is the action a source or use of cash?
    1. Sold $1,000 Air Jordans
    2. Lent a friend $100
    3. Borrowed $20 from a friend
    4. Deposited a $1,400 paycheck
    5. Purchased $100 groceries with cash
    6. Purchased $300 scooter with a credit card
    7. Told the friend you had lent $100 Dont worry about it
    8. Worked 8 hours at $30/hour. Payday is next week.

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