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label each transaction either operating, investing, financing, or no transaction : 1. A restaurant has a large banquet hall that it rents out for weddings
label each transaction either operating, investing, financing, or no transaction :
1. A restaurant has a large banquet hall that it rents out for weddings and other special events. The restaurant receives a cash deposit from a customer in January to reserve the banquet hall for a wedding in May. |
2. A restaurant purchases produce from a supplier on account. |
3. A restaurant purchases a delivery truck with cash to allow it to cater at remote locations. |
4. A restaurant borrows $25,000 from a local bank to purchase various party supplies. |
5. A restaurant purchases for $2,500 cash a liability insurance policy that will cover the restaurant for the next year. |
6. A restaurant declares and pays a cash dividend to its owners. |
7.A restaurant purchases equipment from a supplier and will pay in seven weeks. |
8.A restaurant sets up a $300000 line of credit with a bank. The restaurant has not used the line of credit, but has access to it if needed. |
9. A restaurant purchases new machines, signing a 7 year note from the manufacturer to pay for it. |
10. A restaurant pays its employees. |
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