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The following transactions pertain to the operations of Ewing Company for Year 1 1. Acquired $22,100 cash from the issue of common stock 2.
The following transactions pertain to the operations of Ewing Company for Year 1 1. Acquired $22,100 cash from the issue of common stock 2. Provided $15,400 of services on account 3. Paid $17,600 cash on accounts payable. 4. Performed services for $44,000 cash. 5. Collected $5,050 cash from accounts receivable. 6. Incurred $8,050 of operating expenses on account. 7. Paid a $29,100 cash for one year's rent in advance. 8. Paid a $8.800 cash dividend to the stockholders. 9. Paid $2,300 cash for supplies to be used in the future. 10. Recognized $32,900 of accrued salaries expense. Required a. Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA) b. Prepare a statement of cash flows. (There is no beginning cash balance) Complete this question by entering your answers in the tabs below. Required A Required B Classify the cash flows from these transactions as operating activities (OA), investing activities (1A), or financing activities (FA) (Not all cells will require entry.) Transaction Classification Check my work
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