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Financing ActivityInvesting ActOperating Act Kelly Corporation had these transactions during 2017 (4 pts.). Analyze the transactions and indicate whether each transaction is an operating activity,
Financing ActivityInvesting ActOperating Act
Kelly Corporation had these transactions during 2017 (4 pts.). Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity. P Purchased a machine for $30,000 for cash. J Issued $50,000 par value common stock for cash. P Paid $18,000 to suppliers. I Coliected 516,000 from sale of goods. Ifeceived $10,000 cash divideods. Paid $5,000 cash ididerids P Paid 53,000 salaries to erielchees 1. Bonrowed 55,000 cash frome a locat banie Step by Step Solution
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