Reference no: EM13863778
Identify whether the transaction is a financing, investing, or operating activity.
a. Compton purchased a tract of land from Jacobsen Real Estate for $886,000 cash.
b. Compton issued 2,000 shares of its common stock to George Micros in exchange for $100,000 cash.
c. Compton purchased a John Deere tractor for $53,000 on credit.
d. Michael Rotunno paid Compton $8,500 cash for services performed. The services had been performed by Compton several months ago for a total price of $10,000 of which Rotunno had previously paid $1,600.
e. Compton paid its monthly payroll by issuing checks totaling $27,550.
f. Compton declared and paid its annual dividend of $12,000 cash.
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