II. Identify which of the following transactions fall under operating, investing and financing activities. Write your answer in the given space provided. 1) Cash received from the customers 2) Cash paid to suppliers 3) Cash paid to employess _4) Cash paid to purchase equipment (company does not sell equipment) 5) Cash received from sale of furniture (company's main lineof busin essis not related to furniture) 6) Depreciation expense _7) Sales of goods on credit _8) Purchase of goods on credit 9) Cash received from getting a loan from a bank _10) Cash paid to owners

II. Identify which of the following transactions fall under operating, investing and financing activities. Write your answer in the given space provided. 1) Cash received from the customers 2) Cash paid to suppliers 3) Cash paid to employess _4) Cash paid to purchase equipment (company does not sell equipment) 5) Cash received from sale of furniture (company's main lineof busin essis not related to furniture) 6) Depreciation expense _7) Sales of goods on credit _8) Purchase of goods on credit 9) Cash received from getting a loan from a bank _10) Cash paid to owners

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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