i dont understand what theyre asking for. if you could further explain the break down of accounts that would help too. I think im having trouble with where "salaries payable" would fall/ also when you pay a loan that you owed, where does that trasaction fall? im currently doing journal entries (chapter 2 in McGrawHill) but i think im still having trouble with chapter 1 which covers Income Statements/ Measurments of Stockholders Equity and Balance sheets. ChromeFileEditViewHistoryBookmarksРеopleTabWindowHelp56%Sat 2:23 PMSF McGraw Hill ConnectClass ACG 2021 in ConnectМ МНE Reader+Grawplayer-ui.mheducation.com/#/epub/sn_3dc3#epubcfi(%2F6%2F70%5Bdata-uuid-644628665ee64c9d88f7860ad5a6ff7c%5D!%2F4%2F2%5Bdata-uuid-cb24c65...☆Update :KClassify business activities (S LO1–2)P1-1A Below are typical transactions for Hewlett-Packard.Page 46Type of Business ActivityTransactions1.Pay amount owed to the bank for previous borrowing.2.Pay utility costs.3.Purchase equipment to be used in operations.4.Provide services to customers.5.Purchase office supplies.6.Purchase a building.7.Pay workers' salaries.8.Pay for research and development costs.9.Pay taxes to the IRS.10.Sell common stock to investors.Required:Indicate whether each transaction is classified as a financing, investing, or operating activity.Assign account classifications ( LO1-2)JAN25PAGES16W

Business operations refers to the day-to-day operating activities to run the business in order to…

Answered: P1-1A Below are typical transactions…

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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i dont understand what theyre asking for.

if you could further explain the break down of accounts that would help too. I think im having trouble with where "salaries payable" would fall/ also when you pay a loan that you owed, where does that trasaction fall? im currently doing journal entries (chapter 2 in McGrawHill) but i think im still having trouble with chapter 1 which covers Income Statements/ Measurments of Stockholders Equity and Balance sheets.

Chrome
File
Edit
View
History
Bookmarks
Реople
Tab
Window
Help
56%
Sat 2:23 PM
SF McGraw Hill Connect
Class ACG 2021 in Connect
М МНE Reader
+
Graw
player-ui.mheducation.com/#/epub/sn_3dc3#epubcfi(%2F6%2F70%5Bdata-uuid-644628665ee64c9d88f7860ad5a6ff7c%5D!%2F4%2F2%5Bdata-uuid-cb24c65...
☆
Update :
K
Classify business activities (S LO1–2)
P1-1A Below are typical transactions for Hewlett-Packard.
Page 46
Type of Business Activity
Transactions
1.
Pay amount owed to the bank for previous borrowing.
2.
Pay utility costs.
3.
Purchase equipment to be used in operations.
4.
Provide services to customers.
5.
Purchase office supplies.
6.
Purchase a building.
7.
Pay workers' salaries.
8.
Pay for research and development costs.
9.
Pay taxes to the IRS.
10.
Sell common stock to investors.
Required:
Indicate whether each transaction is classified as a financing, investing, or operating activity.
Assign account classifications ( LO1-2)
JAN
25
PAGES
16
W

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