The following transactions pertain to the operations of Ewing Company for Year 1 1 Acquired $24,800 cash from the issue of common stock 2 Provided $18,450 of services on account 3 Paid $14,200 cash on accounts payable 4 Performed services for $43,000 cash 5 Collected $5,050 cash from accounts receivable 6 Incurred $9,900 of operating expenses on account 7 Paid $27,200 cash for one year's rent in advance 8 Paid $7,100 cash dividend to the stockhoiders 9 Paid $2,900 cash for supplies to be used in the future 10 Recognized $33,600 of accrued salaries expense Required a Classify the cash flows from these transactions as operating activities (OA), investing activiti b Prepare a statement of cash flows (There is no beginning cash balance )

Question

The following transactions pertain to the operations of Ewing Company for Year 1   1  Acquired $24,800 cash from the issue of common stock  2  Provided $18,450 of services on account  3  Paid $14,200 cash on accounts payable  4  Performed services for $43,000 cash  5  Collected $5,050 cash from accounts receivable  6   Incurred $9,900 of operating expenses on account  7  Paid $27,200 cash for one year's rent in advance  8  Paid $7,100 cash dividend to the stockhoiders  9  Paid $2,900 cash for supplies to be used in the future  10  Recognized $33,600 of accrued salaries expense  Required a  Classify the cash flows from these transactions as operating activities (OA), investing activiti b  Prepare a statement of cash flows  (There is no beginning cash balance )

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Question

The following transactions pertain to the operations of Ewing Company for Year 1 : 1. Acquired $24,800 cash from the issue of common stock. 2.

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