The following provides a list of transactions and a list of business activities.

Required:

Select the business activity that corresponds to the transaction.

$\backslash$table$[[$Transactions$,$Business Activities$],[1.$ Borrow from the bank.,$],[2.$ Provide services to customers.,$],[3.$ Issue common stock to investors.,Financing$],[4.$ Purchase land.,Investing$],[5.$ Pay rent for the current period.,Operating$],[6.$ Pay dividends to stockholders.,$],[7.$ Purchase building.,$]]$omework

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Wildcat Corporation has the following transactions with Falcon Incorporated.

Required:

For each transaction, indicate whether Wildcat would report the related account in the balance sheet or income statement.

For accounts in the balance sheet, indicate whether it would be classified as an asset, liability, or stockholders' equity. For accounts in the income statement, indicate whether it would be classified as a revenue or an expense.

Indicate whether each transaction is classified as operating, investing, or financing activity.

$\backslash$table$[[$Transactions$,$Wildcat's Related Account$],[1.$ Wildcat issues common stock to Falcon.,Common stock$],[2.$ Wildcat lends to Falcon by accepting a note.,Notes receivable$],[3.$ Wildcat receives services from Falcon.,Service fee expense$],[4.$ Wildcat receives interest from Falcon on lending.,Interest revenue$]]$

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