For each of the following transactions, indicate the type of cash flow involved based on the classifications in the statement of cash flows. If a transaction does not involve cash, select 'No Cash. Account Transactions Classifications 1. Pay employees' salaries 2. Repay borrowing to the bank 3. Purchase equipment with note payable 4. Provide services to customers on account. 5. Pay dividends to stockholders. 6. Collect cash from customers for services provided 7. Purchase supplies on account. 8. Pay for supplies purchased in transaction 7 above.

For each of the following transactions, indicate the type of cash flow involved based on the classifications in the statement of cash flows. If a transaction does not involve cash, select 'No Cash. Account Transactions Classifications 1. Pay employees' salaries 2. Repay borrowing to the bank 3. Purchase equipment with note payable 4. Provide services to customers on account. 5. Pay dividends to stockholders. 6. Collect cash from customers for services provided 7. Purchase supplies on account. 8. Pay for supplies purchased in transaction 7 above.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: Which of these transactions would not be part of the cash flows from the operating activities...

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