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table [ [ , ( Inflow / Outflow ) / ( Noncash ) , Operating, Investing, or ] , [ table [ [

\table[[,( Inflow/Outflow )/( Noncash ),Operating, Investing, or],[\table[[Receinancing],[receivable.]],,],[Sold land for $600,000.,,],[Paid $25,000 of its accounts payable,,],[Sold (issued)1,000 shares of common stock,,],[depreciation expense of $25,000,,],[\table[[Borrowed $85,000 from Green Bank and signed a],[note]],,],[\table[[Purchased equipment costing $40,000],[cash by paying]],,],[Paid interest expense of $10,000,,],[Received dividend revenue of $8,000.,,]] Ex : T Company had the following transactions during the year.
a. Received $15,000 cash payment on accounts receivable.
b. Sold land for $60,000.
c. Paid $25,000 of its accounts payable
d. Sold (issued)1,000 shares of common stock, $10 par, for $40 per share.
e. Recorded depreciation expense of $25,000.
f. Borrowed $85,000 from Green Bank and signed a note to repay in 12 months, with
10% interest.
g. Purchased equipment costing $40,000 by paying cash.
h. Paid interest expense of $10,000.
i. Received dividend revenue of $8,000.
For each of the above transactions, indicate:
Whether it is a cash inflow, cash outflow, or noncash item, and
Which category it would be reported under on a statement of cash flows:
operating, investing, or financing (assume T uses the direct method of preparing
its statement of cash flows).
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