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Question 5 (2 points) Classify each item as an operating, investing, financing activity, or non-cash (1) Purchase of vehicle for $5,100 cash (2) Depreciation
Question 5 (2 points) Classify each item as an operating, investing, financing activity, or non-cash (1) Purchase of vehicle for $5,100 cash (2) Depreciation expense of the month is $500 (3) Sale merchandise to customers for $4,000 cash (4) Payment of cash dividends for $2,000 (5) Paid $6,000 for employees' salaries (6) Paid $5,000 for the government for business income tax (7) Issuance of ordinary share for $50,000 cash (8) Prepaid insurance expired for $500 per month
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