Classification of Transactions ____ 13. Anna Dimetros is the bookkeeper for Russia Imports, Inc. (RII), a...
Classification of Transactions
____ 13. Anna Dimetros is the bookkeeper for Russia Imports, Inc. (RII), a New York City–based company. Anna has collected the following cash flow information about RII for the most current year of operations.
From the information provided, classify each transaction for RII as ONE of the following:
Operating, Investing or Financing
Cash paid for wages of employees . . . . . . . . . . . . . . .. . $134,600 ___________________
Cash received from issuance of stock . . . . . . . . . . . . . . .. 50,000 ___________________
Cash received from customers . . . . . . . . . . . . . . . . . . . . 252,300 ___________________
Cash paid for taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,500 ___________________
Cash paid for equipment . . . . . . . . . . . . . . . . . . . . . . . . ... 15,000___________________
Cash received from borrowing at bank . . . . . . . . . . . . . . .. 25,000____________________
Homework Answers
Classification :
| Cash paid for wages of employees | 134600 | Operating |
| Cash received from issuance of stock | 50000 | Financing |
| Cash received from customers | 252300 | Operating |
| Cash paid for taxes | 23500 | Operating |
| Cash paid for equipment | 15000 | Investing |
| Cash received from borrowing at bank | 25000 | Financing |
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Classification of
Transactions
____ 13. Anna
Dimetros is the bookkeeper for Russia Imports, Inc. (RII), a...
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