Match the item to its appropriate section on the statement of cash flows. Be sure you are satisfied with your answers before selecting "check." Your first attempt saves to the gradebook. Purchase equipment with shares of common stock. Noncash investing and financing Operating Collected $20,000 cash for services performed. Financing Operating Purchased two semi-trailer trucks for $170,000 cash. Financing Borrowed $200,000 from Castle Bank, signing a 5-year note bearing 8% interest. Operating Financing Issued 100,000 shares of $5 par value common stock for $800,000 cash. Investing Investing Paid employees $12,000 for salaries and wages. Financing Payment of cash of $1,200 to lenders for interest. Receipt of cash from the sale of capital stock. Payment of cash dividends to the company's stockholders. Sold old equipment and received $1,000.
Match the item to its appropriate section on the statement of cash flows. Be sure you are satisfied with your answers before selecting "check." Your first attempt saves to the gradebook. Purchase equipment with shares of common stock. Noncash investing and financing Operating Collected $20,000 cash for services performed. Financing Operating Purchased two semi-trailer trucks for $170,000 cash. Financing Borrowed $200,000 from Castle Bank, signing a 5-year note bearing 8% interest. Operating Financing Issued 100,000 shares of $5 par value common stock for $800,000 cash. Investing Investing Paid employees $12,000 for salaries and wages. Financing Payment of cash of $1,200 to lenders for interest. Receipt of cash from the sale of capital stock. Payment of cash dividends to the company's stockholders. Sold old equipment and received $1,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Match the item to its appropriate section on the statement of cash flows. Be sure you are satisfied with your answers before selecting “check." Your first attempt saves to the gradebook.
Purchase equipment with shares of common stock.
Noncash investing and financing
Operating
Collected $20,000 cash for services performed.
Financing
Operating
Purchased two semi-trailer trucks for $170,000 cash.
Financing
Operating
Borrowed $200,000 from Castle Bank, signing a 5-year note bearing 8% interest.
Financing
Issued 100,000 shares of $5 par value common stock for $800,000 cash.
Investing
Investing
Paid employees $12,000 for salaries and wages.
Financing
Payment of cash of $1,200 to lenders for interest.
Receipt of cash from the sale of capital stock.
Payment of cash dividends to the company's stockholders.
Sold old equipment and received $1,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56b29ac1-2bc2-4707-9f70-7bacc854483d%2F1356f463-a5be-47cd-87f3-baa4111759f8%2Fidryo7q_processed.png&w=3840&q=75)
Transcribed Image Text:Match the item to its appropriate section on the statement of cash flows. Be sure you are satisfied with your answers before selecting “check." Your first attempt saves to the gradebook.
Purchase equipment with shares of common stock.
Noncash investing and financing
Operating
Collected $20,000 cash for services performed.
Financing
Operating
Purchased two semi-trailer trucks for $170,000 cash.
Financing
Operating
Borrowed $200,000 from Castle Bank, signing a 5-year note bearing 8% interest.
Financing
Issued 100,000 shares of $5 par value common stock for $800,000 cash.
Investing
Investing
Paid employees $12,000 for salaries and wages.
Financing
Payment of cash of $1,200 to lenders for interest.
Receipt of cash from the sale of capital stock.
Payment of cash dividends to the company's stockholders.
Sold old equipment and received $1,000.
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