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Ragsdell Corporation had the following transactions. Classify each of these transactions by type of cash flow activity (operating, investing, or financing). 1. Issued $200,000 of
Ragsdell Corporation had the following transactions. Classify each of these transactions by type of cash flow activity (operating, investing, or financing).
1. |
| Issued $200,000 of bonds payable. |
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2. |
| Paid utilities expense. |
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3. |
| Issued 500 shares of preferred stock for $45,000. |
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4. |
| Sold land and a building for $250,000. |
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5. |
| Lent $30,000 to Tegtmeier Corporation, receiving Tegtmeiers 1-year, 12% note |
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