ACC 206 Week 1 Problem 2 Classification of activities (Updated October 2013).

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 Classification of activities

Classify each of the following transactions as arising from an operating (O), investing (I), financing (F), or

noncash investing/financing (N) activity.

a. ________ Acquired a new laser printer by paying $950.

b. ________ Received $70,000 from the issuance of common stock.

c. ________ Paid $1,500 of interest on a note payable.

d. ________ Purchased $9,800 of merchandise for cash.

e. ________ Received $10,200 from cash sales.

f. ________ Paid a $15,000 dividend.

g. ________ Acquired a $500,000 building by signing a $500,000 mortgage note.

h. ________ Received $60,000 from the sale of land.