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Required: For each transaction indicate (1) whether cash is involved (yes or no), and, if cash is involved, (2) whether Witherspoon should classify it as
Required: For each transaction indicate (1) whether cash is involved (yes or no), and, if cash is involved, (2) whether Witherspoon should classify it as operating investing, or financing in a statement of casn flows, and (3) whether the cash is an inflow or outflow. Select N/A if the question is not applicable to the statement Transaction Cash Involved? (Yes or No) Operating, Investing, or Financing? (if cash involved) Inflow or Outflow? a b d Borrow cash from the bank Purchase supplies on account Purchase equipment with cash Provide sences on account Pay cash on account for b. above Sell for cash a warehouse no longer in use Receive cash on account for d above Pay cash to workers for salaries e 9
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