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Kevin's Styles, Inc. (KSI) Is a Salon. Classify each of the following types of transactions according to where they effect cash flows on a statement
Kevin's Styles, Inc. (KSI) Is a Salon. Classify each of the following types of transactions according to where they effect cash flows on a statement of cash flows. Each transaction occurred during October. Choose operating, financing, or Investing. You may use these more than once or not at all. KSI pays $400 to an employee for wages. KSI receives $500 cash from a customer for services. KSI borrows 10,000 from the bank. KSI receives $40,000 from a new shareholder In exchange for stock. KSI buys equipment for use in a factory. The equipment will be used for many years. Financing Operating Investing
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