Classifying cash flow items [10 min]
Consider the following transactions:
a. Purchased equipment for $130,000 cash.
b. Issued $14 par preferred stock for cash.
c. Cash received from sales to customers of $35,000.
d. Cash paid to vendors, $17,000.
e. Sold building for $19,000 gain for cash.
f. Purchased common treasury shares for $28,000.
g. Paid a notes payable with 1,250 of the company’s common shares.
Requirement
1. Identify the category of the statement of cash flows in which each transaction would be reported.
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