Consider the following transactions: Click the icon to view the transactions.) I
ID: 2394045 • Letter: C
Question
Consider the following transactions: Click the icon to view the transactions.) Identify the category of the statement of cash fiows in which each transaction would be reported. a. b. C. d. e. More Info Date Accounts and Explanation Debit Credit a. Cash 72,000 Common Stock 72,000 b. Treasury Stock 16,500 h. Cash 16,500 C. Cash 88,000 Sales Revenue 88,000 k. d. Land 103,000 Cash 103,000 e. Depreciation Expense-Equipment 6,800 Accumulated Depreciation-Equipment 6,800 f. Dividends Payable Cash 19,500 19,500 g. Land 22,000 Notes Payable 22,000 h. Cash 9,600 Equipment 9,600 i. Bonds Payable 51,000 Cash 51,000 j. Building 137,000 Notes Payable 137,000 K. | | Loss on D?sposal ot Equipment 1,800 Accumulated Depreciation-Equipment 200 Equipment 2,000Explanation / Answer
Answer:
Activity
a
Financing
Activity
b
Financing
Activity
c
Operating
Activity
d
Investing
Activity
e
Operating
Activity
f
Financing
Activity
g
Non Cash Activity
h
Investing
Activity
I
Financing
Activity
j
Non Cash activity
K
Operating
Activity
Explanation to the answer:
a
Cash
Financing
Activity
Increase in Cash
Common stock
b
Treasury stock
Financing
Activity
Decrease in Cash
Cash
c
Cash
Operating
Activity
Increase in Cash
Sales Revenue
d
Land
Investing
Activity
Decrease in Cash
Cash
e
Depreciation Expanses-Equipment
Operating
Activity
Increase in Cash
Accumulated Depreciation -Equipment
f
Dividend Payable
Financing
Activity
Decrease in Cash
Cash
g
land
Non Cash Activity
NA
Notes payable
h
Cash
Investing
Activity
Decrease in Cash
Equipment
I
Bonds payable
Financing
Activity
Decrease in Cash
Cash
j
Building
Non Cash Activity
NA
Notes payable
K
Loss on disposal of equipment
Operating
Activity
Increase in Cash
Accumulated Depreciation -Equipment
Equipment
Activity
a
Financing
Activity
b
Financing
Activity
c
Operating
Activity
d
Investing
Activity
e
Operating
Activity
f
Financing
Activity
g
Non Cash Activity
h
Investing
Activity
I
Financing
Activity
j
Non Cash activity
K
Operating
Activity