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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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 +

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