Reference no: EM133140204
Question - Listed below are eight transactions. In each case, identify whether the transaction is an example of financing, investing, or operating activities and which of the financial statements it would affect.
1. Common stock is issued for $500,000 in cash.
2. Twenty units of inventory are sold for $50 each.
3. Employee wages are paid.
4. A new warehouse facility is purchased.
5. Principal payments on outstanding debt are paid.
6. Dividends are declared and paid to the shareholders.
7. A four-year-old vehicle, used as a delivery truck, is sold for $9,000, its book value.
8. A utility bill for March is paid in April.
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