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 financingOperatingCollected $20,000 cash for services performed.FinancingOperatingPurchased two semi-trailer trucks for $170,000 cash.FinancingOperatingBorrowed $200,000 from Castle Bank, signing a 5-year note bearing 8% interest.FinancingIssued 100,000 shares of $5 par value common stock for $800,000 cash.InvestingInvestingPaid employees $12,000 for salaries and wages.FinancingPayment 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.

Operating Activity: Any cash inflow or outflow from principal revenue generating activity is…

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.

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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