You are provided with the following transactions that took place during the year. Identify by placing the amounts (with a + or -- sign) in the appropriate columns whether the transactions 11 a. are operating, financing or investing activities. Determine the cash balance. Owner invested P50,000 cash and merchandise P500,000. b. Borrowed P250,000 from Metro and issued a long term note. c. Recorded cash sales P80,000 and credit sales P200,000 d. Purchased inventory for P15,000 cash and on account P160,000 e. Issued a short term note for the new equipment purchased for P10,000. f. Paid P20,000 cash for personal use of the owner. g. Acquired a building for P750,000. Paid P 50,000 cash and a note for the balance. i. Only a fourth of total operating expenses was accrued for P25,000. j. Half of customers' accounts coming from c above were collected k. Paid half of suppliers' account coming from d) above. Use the following format: Operating Financing Owner's cash investment + 50,000 Investing a. Exercise 10