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Business, 18.02.2020 02:32 krudisill

The following transactions pertain to the operations of Blair Company for 2014:

1. Acquired $23,400 cash from the issue of common stock.
2. Performed services for $43,000 cash.
3. Paid a $27,200 cash advance for a one-year contract to rent equipment.
4. Recognized $32,200 of accrued salary expense.
5. Accepted a $1,600 cash advance for services to be performed in the future.
6. Provided $16,900 of services on account.
7. Incurred $7,350 of other operating expenses on account.
8. Collected $5,400 cash from accounts receivable.
9. Paid a $9,000 cash dividend to the stockholders.
10. Paid $18,000 cash on accounts payable.

a. Classify the cash flows from these transactions as :

Operating activities (OA),
Investing activities (IA), or
Financing activities (FA).

Use NA for transactions that do not affect the statement of cash flows.

b. Prepare a Statement of Cash flows.
(There is no beginning cash balance.) (Amounts to be deducted should be indicated with a minus sign.)

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The following transactions pertain to the operations of Blair Company for 2014:

1. Acqui...

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