PA12-1 (Static) Determining Cash Flow Statement Effects of Transactions [LO 12-1] For each of the following first-quarter transactions, indicate whether operating (O), investing (I), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-). Use (NE) if the transaction has no effect on cash. Transaction 1. Bought used equipment for cash. 2. Paid cash to purchase new equipment. 3. Declared and paid cash dividends to stockholders. 4. Collected payments on account from customers. 5. Recorded and paid interest on debt to creditors. 6. Repaid principal on loan from bank. 7. Prepaid rent for the following period. 8. Made payment to suppliers on account. Activity Cash Flow