Classifying OA, FA, IA, cash inflow + or cash outflow - Paid 4600 cash for the salaries accrued at the end of accounting period. OA - Performed Services for cash of 43000. OA + Paid 13,800 cash in advance for rent. OA- Collected 100,000 cash from accounts recievable. OA + Paid 50,000 cash as partial payment on accounts payable. OA- Paid 32,600 cash for salary expense. OA - Paid a 14,000 cash divident to stockholders. IA + Does this look correct?
Classifying OA, FA, IA, cash inflow + or cash outflow - Paid 4600 cash for the salaries accrued at the end of accounting period. OA - Performed Services for cash of 43000. OA + Paid 13,800 cash in advance for rent. OA- Collected 100,000 cash from accounts recievable. OA + Paid 50,000 cash as partial payment on accounts payable. OA- Paid 32,600 cash for salary expense. OA - Paid a 14,000 cash divident to stockholders. IA + Does this look correct?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Classifying OA, FA, IA,
Paid 4600 cash for the salaries accrued at the end of accounting period. OA -
Performed Services for cash of 43000. OA +
Paid 13,800 cash in advance for rent. OA-
Collected 100,000 cash from accounts recievable. OA +
Paid 50,000 cash as partial payment on accounts payable. OA-
Paid 32,600 cash for salary expense. OA -
Paid a 14,000 cash divident to stockholders. IA +
Does this look correct?
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