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V. For each of the following transactions of Norton Corporation, identify whether it is: an Operating Activity (OA); an Investing Activity (IA); a Financing Activity
V. For each of the following transactions of Norton Corporation, identify whether it is: an Operating Activity (OA); an Investing Activity (IA); a Financing Activity (FA) activity, or Non-applicable (NA), in the Statement of Cash Flows. (10 points) 1) 2) 3) 4) 5) 6) 7) 8) 9) 10). Paid salaries, $4,000. Purchased land on a cash basis, $10,000. Borrowed $5,000 from XYZ Bank, for operating capital. Paid $500 dividends to shareholders. Paid monthly rent, $1,000 Purchased equipment, for $2,000, signing a promissory note. Shareholders started the business by investing $20,000. Paid electricity bill, $400. Purchased $900 worth of supplies on account. Earned $5,000 cash in service revenues
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