Homework Answers
| Solution: | |||
| Transaction | Section on the Statement of Cash Flow | Positive (+) or Negiative (-) Cash Flow | |
| a | The business received cash from the owner in exchange for Capital | Cash Flow From Financing Activities (F) | Positive (+) |
| b | Paid cash on account payable for office supplie purchased | Cash Flow From Operating Activities(O) | Negative (-) |
| c | Performed services for a customer on account | It is not in the statement of Cash Flow (X) | No Impact |
| d | Thw Owner withdraw the cash | Cash Flow From Financing Activities (F) | Negative (-) |
| e | Received cash from customer for services performed | Cash Flow From Operating Activities(O) | Positive (+) |
| f | Purchased equipment with cash | Cash Flow from Investing Activities (I) | Negative (-) |
| g | Paid rent for the month | Cash Flow From Operating Activities(O) | Negative (-) |
| h | Purchase land , Signed a note Payable | It is not in the statement of Cash Flow (X) | No Impact |
| i | Paid employees wages for the week | Cash Flow From Operating Activities(O) | Negative (-) |
| j | Incurred liability expenses on account | It is not in the statement of Cash Flow (X) | No Impact |
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