Options: 1. blank 2. 0A 3. IA 4. FA The following transactions pertain...
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Accounting
Options: 1. blank 2. 0A 3. IA 4. FA
The following transactions pertain to the operations of Ewing Company for Year 1 : 1. Acquired $23,000 cash from the issue of common stock. 2. Provided $19,450 of services on account. 3. Paid $15,800 cash on accounts payable. 4. Performed services for $35,000 cash. 5. Collected $5,100 cash from accounts receivable. 6. Incurred $7,200 of operating expenses on account. 7. Paid a $25,300 cash for one year's rent in advance. 8. Paid a $7,900 cash dividend to the stockholders. 9. Paid $1,200 cash for supplies to be used in the future. 10. Recognized $30,500 of accrued salaries expense. Required a. Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA) b. Prepare a statement of cash flows. (There is no beginning cash balance.) Complete this question by entering your answers in the tabs below. Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). (Not all cells will require entry.)
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