Consider the following transactions Click the icon to view t

Consider the following transactions: Click the icon to view the transactions.) Identify the category of the statement of cash fiows in which each transaction would be reported. a. b. C. d. e. More Info Date Accounts and Explanation Debit Credit a. Cash 72,000 Common Stock 72,000 b. Treasury Stock 16,500 h. Cash 16,500 C. Cash 88,000 Sales Revenue 88,000 k. d. Land 103,000 Cash 103,000 e. Depreciation Expense-Equipment 6,800 Accumulated Depreciation-Equipment 6,800 f. Dividends Payable Cash 19,500 19,500 g. Land 22,000 Notes Payable 22,000 h. Cash 9,600 Equipment 9,600 i. Bonds Payable 51,000 Cash 51,000 j. Building 137,000 Notes Payable 137,000 K. | | Loss on D?sposal ot Equipment 1,800 Accumulated Depreciation-Equipment 200 Equipment 2,000

Solution

Answer:

Activity

a

Financing
Activity

b

Financing
Activity

c

Operating
Activity

d

Investing
Activity

e

Operating
Activity

f

Financing
Activity

g

Non Cash Activity

h

Investing
Activity

I

Financing
Activity

j

Non Cash activity

K

Operating
Activity

Explanation to the answer:

a

Cash

Financing
Activity

Increase in Cash

Common stock

b

Treasury stock

Financing
Activity

Decrease in Cash

Cash

c

Cash

Operating
Activity

Increase in Cash

Sales Revenue

d

Land

Investing
Activity

Decrease in Cash

Cash

e

Depreciation Expanses-Equipment

Operating
Activity

Increase in Cash

Accumulated Depreciation -Equipment

f

Dividend Payable

Financing
Activity

Decrease in Cash

Cash

g

land

Non Cash Activity

NA

Notes payable

h

Cash

Investing
Activity

Decrease in Cash

Equipment

I

Bonds payable

Financing
Activity

Decrease in Cash

Cash

j

Building

Non Cash Activity

NA

Notes payable

K

Loss on disposal of equipment

Operating
Activity

Increase in Cash

Accumulated Depreciation -Equipment

Equipment

	Activity
a	Financing Activity
b	Financing Activity
c	Operating Activity
d	Investing Activity
e	Operating Activity
f	Financing Activity
g	Non Cash Activity
h	Investing Activity
I	Financing Activity
j	Non Cash activity
K	Operating Activity