Consider the scenarios below. Which of the four cash flow rules apply? Is the action...
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Accounting
- Consider the scenarios below. Which of the four cash flow rules apply? Is the action a source or use of cash?
- Sold $1,000 Air Jordans
- Lent a friend $100
- Borrowed $20 from a friend
- Deposited a $1,400 paycheck
- Purchased $100 groceries with cash
- Purchased $300 scooter with a credit card
- Told the friend you had lent $100 Dont worry about it
- Worked 8 hours at $30/hour. Payday is next week.
- Sold $1,000 Air Jordans
- Lent a friend $100
- Borrowed $20 from a friend
- Deposited a $1,400 paycheck
- Purchased $100 groceries with cash
- Purchased $300 scooter with a credit card
- Told the friend you had lent $100 Dont worry about it
- Worked 8 hours at $30/hour. Payday is next week.
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