PAI. LO 16.2 Provide journal entries to record each of the following transactions. For each, also identify *the appropriate section of the statement of cash flows, and **whether the transaction represents a source of cash (S), a use of cash (U), or neither (N). A. paid $12,000 of accounts payable B. collected $6,000 from a customer c.issued common stock at par for $24,000 cash D. paid $6,000 cash dividend to shareholders E. sold products to customers for $15,000 F. paid current month's utility bill, $1,500 Solution A * Accounts Payable Cash Paid for inventory purchased on account B. Cash Notes Receivable Collected from a customer note receivable ** C. Cash Common Stock Issued common stock at par D. Dividends Cash Paid cash dividend to shareholders E. * Accounts Receivable Sales Sold products to customers on credit F. Utility Expense Cash Paid current month's utility bill