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Please answer this question. thank you!! Stacey's Plano Rebuilding Company has been operating for one year (2019). At the start of 2020 , its statement
Please answer this question. thank you!!
Stacey's Plano Rebuilding Company has been operating for one year (2019). At the start of 2020 , its statement of earnings accour had zero balances and the account balances on its statement of financial position were as follows: The following transactions occurred in January 2020 : a. Recelved a $520 deposit from a customer who wanted helspiano rebultt. b. Rented a part of the building to a bicycle repair shop; received $520 for rent in January. c. Rebuilt and delluered five pianos to customers who paid $16,200 in cash. d. Recelved $8,200 from customers as payment on their accounts. e Received an electric and gas utility bill for $440 to be paid in February. f Ordered $820 in supplies. 9. Paid $2,100 on account to suppliers. h. Received from Sant Mensa, the major shareholder, a $870 tool (equipment) to use in the business in exchange for the company's shares. 1. Paid $8,600 in wages to employees for work in January J Declared and paid a cash dividend of $3,100. k. Received and paid for the supplles ordered in (f). Required: Use the following chart to Identify whether each of the transactions in results in a cash flow effect from operating (O), investing (I), or financing (F) activities, and indicate the effect on cash (+ for increase and-for decrease). If there is no cash flow effect, write "none." The first transaction is provided as an example. (Enter any decreases to account balances with a minus sign.) Step by Step Solution
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