Below are several transactions that took place in Seneca Company last year: a. Paid suppliers...
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Accounting
Below are several transactions that took place in Seneca Company last year: a. Paid suppliers for inventory purchases. b. Bought equipment for cash. c. Paid cash to repurchase its own stock. d. Collected cash from customers. e. Pald wages to employees. f Equipment was sold for cash. 9. Common stock was sold for cash to investors. h. Cash dividends were declared and paid. 1. A long-term loan was made to a supplier. f. Income taxes were paid to the government. k. Interest was paid to a lender. 1. Bonds were retired by paying the principal amount due. Required: Indicate how each of the above transaction would be classified on a statement of cash flows. As appropriate, place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column. Required: tndicate how each of the above transaction would be classified on a statement of cash flows. As appropriate, place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column
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