Below are typical transactions for Hewlett-Packard.Type ofBusiness Activity Transactions1.______________ Pay amount owed to the bank for previous borrowing.2. ______________ Pay utility costs.3. ______________ Purchase equipment to be used in operations.4. ______________ Provide services to customers.5. ______________ Purchase office supplies.6. ______________ Purchase a building.7. ______________ Pay workers’ salaries.8. ______________ Pay for research and development costs.9. ______________ Pay taxes to the IRS.10. ______________ Sell common stock to investors.Required:Indicate whether each transaction is classified as a financing, investing, or operating activity.
Below are typical transactions for Hewlett-Packard.
Type of
Business Activity Transactions
1.______________ Pay amount owed to the bank for previous borrowing.
2. ______________ Pay utility costs.
3. ______________ Purchase equipment to be used in operations.
4. ______________ Provide services to customers.
5. ______________ Purchase office supplies.
6. ______________ Purchase a building.
7. ______________ Pay workers’ salaries.
8. ______________ Pay for research and development costs.
9. ______________ Pay taxes to the IRS.
10. ______________ Sell common stock to investors.
Required:
Indicate whether each transaction is classified as a financing, investing, or operating activity.
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