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Rupert prepares monthly financial statements. Match each of the following transactions to where it would have an effect on the statement of cash flows of
Rupert prepares monthly financial statements. Match each of the following transactions to where it would have an effect on the statement of cash flows of Zelco Company for the month of November. If a transaction does not effect cash, choose "Not a cash transaction." Note: A source of cash means cash increased. A use of cash means cash decreased. Operating, investing and financing are discussed in the Unit 1-2 videos (the final Amherst Company video.) On Nov.12, Zelco pays $8,000 for inventory. On Nov.20, Zelco sells an old copy machine for $500 (cash). The machine was previously used in Zelco's business. On Nov. 30, Zelco pays a dividend of $2,000. On Nov. 10, Zelco collects $1,000 from a customer who purchased goods from Rupert in October. On Nov. 5, Zelco borrows $15,000 from a bank. On Nov. 28, Zelco pays $4,000 for December rent.
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