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TB EX Qu. 4-195 (Algo) A company had the following transactions... A company had the following transactions during the year: 1. Paid rent for the
TB EX Qu. 4-195 (Algo) A company had the following transactions... A company had the following transactions during the year: 1. Paid rent for the next two years, $8,600. 2. Purchased office supplies on account, $2,800. 3. Purchased equipment, paying $11,000 cash and issuing a note payable for $6,000. 4. Borrowed from the bank, $6,800. 5. Paid employee salaries, $7,500. 6. Paid $1,100 on account related to transaction 2 above. 7. Paid dividends to stockholders, $2,900. 8. Sold land for $10,800 that was purchased in a prior year for $7,600. 9. Collected cash from customers for services provided, $25,800. Required: Calculate cash flows from operating activities, investing activities, and financing activities. (Cash outflows should be indicated with a minus sign.) Answer is complete but not entirely correct
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