Classify Cash Flow Activities
For each activity, use the drop-down menus to identify the appropriate section of the statement of cash flows where the transaction would be reported Then identify whether it's an inflow, outflow, or does not impact cash flow: Paid rent for the month, Performed services for a customer on account, Incurred utility expense on account, Paid cash on accounts payable for office supplies purchased, Paid employees wages for the week
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For each transaction identify the appropriate section in the statement of cash flows reports transaction to...
For
each transaction identify the appropriate section in the statement
of cash flows reports transaction to choosing cash flows from
operating activities (o) cash flow from investing activities (I)
cash flowfrom financing activities (f) or it is not on the
statement of cash flows (x)
*** Section on the Positive (+) or negative (-) cash flow statement of cash flows Transaction The business received cash from the owner in exchange for a. capital. b. Paid cash on accounts payable for...
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock....
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock. Received $3,200 cash from customers for services performed. Paid $450 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $2,400. 10 Received $500 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $275. 20 Paid utility invoice received on December 10 25 Collected cash in full from customer billed on December...
Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st....
Analyze the events chronologically, one transaction at a time, beginning with the transaction on the 1st. For each transaction that follows the transaction on the 1st, calculate the balance in each account after analyzing its effect on the accounting equation. (Complete only the necessary answer boxes for your transaction lines. [Do not enter any zeros for your transactionlines.] Carry down all balances to the "Bal." line, including zero balance accounts, entering a "0" for any zero balances. Enter a decrease...
20. For each transaction, identify which account is debited and which account is credited. Use proper...
20. For each transaction, identify which account is debited and which account is credited. Use proper account titles (Cash, Accounts Receivable, etc.). Debit Credit Transaction Received a bill for utilities to be paid next month Performed services on account Paid employees' salaries Paid cash for a 6-month insurance policy, with coverage starting next month Paid dividends to stockholders Borrowed cash and signed a promissory note Used up warehouse supplies Received cash from a customer to pay on their account Received...
Which of the following would appear in the investing activities section of the statement of cash...
Which of the following would appear in the investing
activities section of the statement of cash flows?
Which of the following would appear in the investing activities section of the statement of cash flows? Multiple Choice Cash inflow from interest revenue Cash outflow for the purchase of land Cash outflow for the purchase of supplies Cash inflow from issuance of common stock
May 1 The business received cash of $70,000 and gave capital to Zach Webster. 2 Purchased...
May 1 The business received cash of $70,000 and gave capital to Zach Webster. 2 Purchased office supplies on account, $780. 4 Paid $47,000 cash for building and land. The building had a fair market value of $42,000 6 Performed services for customers and received cash, $2,900 9 Paid $680 on accounts payable. 17 Performed services for customers on account, $2,100. 19 Paid rent expense for the month. $1,300 20 Received $1,000 from customers for services to be performed next...
F. Analyze Business Transactions: 1 Investment by Owner: Dec 1, invested $30,000 Cash to open a...
F. Analyze Business Transactions: 1 Investment by Owner: Dec 1, invested $30,000 Cash to open a new company named Fastforward in exchange for Com 2 Purchase Supplies with Cash: Paid $2,500 Cash to purchase supplies 3 Purchase Equipment with Cash: Spend $26.000 Cash to acquire Equipment 4 Purchase Supplies on Credit: Purchased $7,100 Supplies and promise to pay later 5 Provide Services for Cash: Provided services to customers and got paid $4,200 Cash 6 Pay Rent expense Paid $1,000 for...
What would be the account balance in the Cash account after the following transactions, assuming a...
What would be the account balance in the Cash account after the following transactions, assuming a zero beginning balance? $110,500 Owner invested cash. $24,9001 Purchased supplies with cash. Received bill for one month of rent. $2,690 $1,010 Paid wages. Billed customer for services performed services performed $1,600 Multiple Choice О O $85,680 О O $84,590 O $86,190 O $140,700 O $83,500 What would be the account balance in the Service Revenue account after the following transactions, assuming a zero beginning...
The transactions of Spade Company appear below. Kacy Spade, owner, invested $14,500 cash in the company...
The transactions of Spade Company appear below.
Kacy Spade, owner, invested $14,500 cash in the company in
exchange for common stock.
The company purchased office supplies for $421 cash.
The company purchased $8,019 of office equipment on
credit.
The company received $1,711 cash as fees for services provided
to a customer.
The company paid $8,019 cash to settle the payable for the
office equipment purchased in transaction c.
The company billed a customer $3,074 as fees for services
provided.
The...
For
each transaction identify the appropriate section in the statement
of cash flows reports transaction to choosing cash flows from
operating activities (o) cash flow from investing activities (I)
cash flowfrom financing activities (f) or it is not on the
statement of cash flows (x)
*** Section on the Positive (+) or negative (-) cash flow statement of cash flows Transaction The business received cash from the owner in exchange for a. capital. b. Paid cash on accounts payable for...
1 Received Dec. Received $26,000 cash from Christian in exchange for commorn 2 5 9 stock. Received $3,200 cash from customers for services performed. Paid $450 cash for office supplies. Performed services for a customer and billed the customer for services rendered, $2,400. 10 Received $500 invoice for utilities due in two weeks. 15 Paid for advertising in the local paper, $275. 20 Paid utility invoice received on December 10 25 Collected cash in full from customer billed on December...
20. For each transaction, identify which account is debited and which account is credited. Use proper account titles (Cash, Accounts Receivable, etc.). Debit Credit Transaction Received a bill for utilities to be paid next month Performed services on account Paid employees' salaries Paid cash for a 6-month insurance policy, with coverage starting next month Paid dividends to stockholders Borrowed cash and signed a promissory note Used up warehouse supplies Received cash from a customer to pay on their account Received...
Which of the following would appear in the investing
activities section of the statement of cash flows?
Which of the following would appear in the investing activities section of the statement of cash flows? Multiple Choice Cash inflow from interest revenue Cash outflow for the purchase of land Cash outflow for the purchase of supplies Cash inflow from issuance of common stock
May 1 The business received cash of $70,000 and gave capital to Zach Webster. 2 Purchased office supplies on account, $780. 4 Paid $47,000 cash for building and land. The building had a fair market value of $42,000 6 Performed services for customers and received cash, $2,900 9 Paid $680 on accounts payable. 17 Performed services for customers on account, $2,100. 19 Paid rent expense for the month. $1,300 20 Received $1,000 from customers for services to be performed next...
F. Analyze Business Transactions: 1 Investment by Owner: Dec 1, invested $30,000 Cash to open a new company named Fastforward in exchange for Com 2 Purchase Supplies with Cash: Paid $2,500 Cash to purchase supplies 3 Purchase Equipment with Cash: Spend $26.000 Cash to acquire Equipment 4 Purchase Supplies on Credit: Purchased $7,100 Supplies and promise to pay later 5 Provide Services for Cash: Provided services to customers and got paid $4,200 Cash 6 Pay Rent expense Paid $1,000 for...
What would be the account balance in the Cash account after the following transactions, assuming a zero beginning balance? $110,500 Owner invested cash. $24,9001 Purchased supplies with cash. Received bill for one month of rent. $2,690 $1,010 Paid wages. Billed customer for services performed services performed $1,600 Multiple Choice О O $85,680 О O $84,590 O $86,190 O $140,700 O $83,500 What would be the account balance in the Service Revenue account after the following transactions, assuming a zero beginning...
The transactions of Spade Company appear below.
Kacy Spade, owner, invested $14,500 cash in the company in
exchange for common stock.
The company purchased office supplies for $421 cash.
The company purchased $8,019 of office equipment on
credit.
The company received $1,711 cash as fees for services provided
to a customer.
The company paid $8,019 cash to settle the payable for the
office equipment purchased in transaction c.
The company billed a customer $3,074 as fees for services
provided.
The...
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