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the first and second photo are part of the same question! TIA The following transactions pertain to the operations of Ewing Company for Year 1:
the first and second photo are part of the same question! TIA The following transactions pertain to the operations of Ewing Company for Year 1: 1. Acquired $30,000 cash from the issue of common stock 2. Provided $65,000 of services on account 3. Paid $22,000 cash on accounts payable, 4. Performed services for $8.000 cash 5. Collected $51.000 cash from accounts receivable. 6. Incurred $37000 of operating expenses on account 7. Paid $6.500 cash for one year's rent in advance. 8. Paid a $4.000 cash dividend to the stockholders, 9. Paid $1,200 cash for supplies to be used in the future, 10. Recognized $3100 of accrued salaries expense. Required a. Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA for transactions that do not affect the statement of cash flows. Transaction Classification EWING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing acivities Cash flows from financing activities Net cash flow from financing activities Net change in cash Ending cash balance The following transactions pertain to the operations of Ewing Company for Year 1: 1. Acquired $30,000 cash from the issue of common stock 2. Provided $65,000 of services on account 3. Paid $22,000 cash on accounts payable, 4. Performed services for $8.000 cash 5. Collected $51.000 cash from accounts receivable. 6. Incurred $37000 of operating expenses on account 7. Paid $6.500 cash for one year's rent in advance. 8. Paid a $4.000 cash dividend to the stockholders, 9. Paid $1,200 cash for supplies to be used in the future, 10. Recognized $3100 of accrued salaries expense. Required a. Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA for transactions that do not affect the statement of cash flows. Transaction Classification EWING COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing acivities Cash flows from financing activities Net cash flow from financing activities Net change in cash Ending cash balance
the first and second photo are part of the same question! TIA
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