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Directions: Indicate the type of cash flow for each of the transactions. Use the following: OA Operating Activity FA Financing Activity IA Investing Activity N/A
Directions: Indicate the type of cash flow for each of the transactions. Use the following: OA Operating Activity FA Financing Activity IA Investing Activity N/A Not on Statement of Cash Flows Transaction Cash Flow OA IA FA N/A
52. Purchased inventory for cash.
53. Paid on account payable.
54. Paid interest on loan.
55. Repaid bank loan.
56. Sold common stock to an investor.
57. Issued common stock in exchange for legal services.
58. Purchased inventory on account.
59. Recorded an accrued revenue.
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