The following transactions pertain to the operations of Ewin

The following transactions pertain to the operations of Ewing Company for 2018: 1. Acquired $24,300 cash from the issue of common stock. 2. Provided $15,600 of services on account 3. Paid $17,400 cash on accounts payable. 4. Performed services for $43,000 cash. 5. Collected $5,350 cash from accounts receivable. 6. Incurred $9,050 of operating expenses on account. 7. Pald a $21,600 cash for one year\'s rent in advance. 8. Paid a $8,700 cash dividend to the stockholders. 9. Paid $2.700 cash for supplies to be used in the future. eferences 10. Recognized $32,600 of accrued salary expense. a. Classify the cash flows from these transactions as operating activities (OA), investing activities (A), or financin NA for transactions that do not affect the statement of cash flows b. Prepare a statement of cash flows(There is no beginning cash balance.) Complete this question by entering your answers in the tabs belovw Required A Required B Prepare a statement of cash flows. (There is no beginning cash balance.) (Amounts to be deducted should be indicated Prex 801 8 Next MacBook Air 808 3 4 5 8

Solution

a. the below table classifies the cash flows :

b. the following is the cash flow statement:

1.acquired cash from issue of common stock	financing activity (FA)
2.provided serivces on account	does not affect cash flow statement (NA)
3.paid cash on accounts payable	operating activity (OA)
4.performed services for cash	operating activity (OA)
5.collected cash from accounts receivable	operating activity (OA)
6.incurred operating expenses on account (OA)	does not affect cash flow statement (NA)
7.paid cash for rent in advance	operating activity (OA)
8.paid cash dividend	financing activity (FA)
9.paid cash for supplies	operating activity (OA)
10. recognised accrued salary expense	does not affect cash flow statement