correct answer explaind

ANSWER. Write the word or phrase tha word or phrase that best completesch statement or answer the question answers the question. 23) For each of the following transactions the section in which it will be in the operating section, I for the investing activities section. F for the financing separate schedule of noncash investing and financing activities, and for item disclosed on the statement of cash flows. ection in which it will be included. Use O for ctivities section, F for the financing section. S for a Paid cash dividends b Paid interest on a short-term note payable C Sold treasury stock for cash d. Converted debt to common stock e Paid accounts payable f. Paid salaries 8Received cash dividends h. Sold merchandise for cash 1. Acquired a patent by issuing common stock 1 Purchase of land using preferred stock k. Received stock dividends 24) For each of the following independent transactions, indicate the type of activity (operating investing or financing) and the effect on cash (amount and increase or decrease). Type of Activity Effect on Cash Transaction a. Declared cash dividends of $21.000 during the current period. Dividends payable on January 1 were $1,500 and on December 31 were $2,300. b. Interest income on the income statement for the current period was $22,000. Interest receivable on January 1 was $2,700 and on December 31 was $2,250. c. Issued 1,000,000 of 10-year, 10% bonds at 102. d. Sales on account for the current period were $160,000. Accounts receivable on January 1 were 595,000 and on December 31 were $106,000. e Equipment was purchased for $215,000. f. Sold 1,000 shares of 20 par common stock for cash at $29. 8. Salary expense for the current period was $151,500. Salary payable on January 1 was $20,300 and on December 31 was $17,800