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The following transactions pertain to the operations of Ewing Company for Year 1 : 1. Acquired $24,400 cash from the issue of common stock. 2.
The following transactions pertain to the operations of Ewing Company for Year 1 : 1. Acquired $24,400 cash from the issue of common stock. 2. Provided $17,000 of services on account. 3. Paid $16,000 cash on accounts payable. 4. Performed services for $43,500 cash. 5. Collected $5,500 cash from accounts receivable. 6 . Incurred $7,550 of operating expenses on account. 7. Paid a $27,200 cash for one year's rent in advance. 8. Paid a $8,000 cash dividend to the stockholders. 9. Paid $2,400 cash for supplies to be used in the future. 10. Recognized $34,400 of accrued salary 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
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