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Hello :D I just need assistance filling out the below. Thank you kindly :D Selected transactions for ABQ Inc. are listed below. Classify each transaction
Hello :D I just need assistance filling out the below.
Thank you kindly :D
Selected transactions for ABQ Inc. are listed below. Classify each transaction as either an operating activity (O), an investing activity (1), a financing activity (F), or a noncash investing and financing activity (N). Activity Transaction 1. Collected Accounts Receivable. 2. Paid Dividends Payable on common stock. 3. Sold long-term investments for cash. 4. Repaid eight year note payable. 5. Paid employee wages. 6. Issued common stock. 7. Acquired investment securities with cash. 8. Sold buildings and equipment for cash. 9. Sold merchandise to customers. 10. Purchased Merchandise Inventory. 11. Depreciation expense recorded for the period. 12. Building was purchased for cash. 13. Treasury stock was acquired for cash. 14. Signed a six-year note payable. 15. Prepaid Insurance decreased during the period. 16. Merchandise inventory increased during the period. 17. Redeemed Bond for cash. 18. Made payments on Accounts Payable. 19. Loss on disposal of equipment. 20. Purchased one-year insurance policyStep by Step Solution
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