http ch1Ex 1418 O 2 All-Star Automotive Company experienced the following accountng events during 2018:...
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http ch1Ex 1418 O 2 All-Star Automotive Company experienced the following accountng events during 2018: 10 1. Performed services tor $15,700 cash points2. Purchased land for $8,700 cash. 3. Hired an accountant to keep the books 4. Recelved $47000 cash from the issue of common stock 0:3146. Borrowed $11,400 cash from State Bank 6Paid $5700 cash for salary expense 7. Sold land for $11,400 cash. 8 Paid $4,700 cash on the loan from State Bank 9. Pald $5,900 cash for utiimes expense 10. Paid a cash diwdend of $2,700 to the stockhoiders Z Paid land for SIL400cash. Sipped eBook Required atement of cash flows as operating actvtes (OAL Reference a Indicate how each of the events woud be ciassiftied on the st Investing activities (A), inancing activities (FA), or not appicable (NA) company had a beginning cash balance of b. Prepare a statement of cash fnlows for 2018. Assume A-Star $10,700 on January 1, 2018 Complete this question by entering your answers in the tabs below Required Required Indicate how each of the events would be classified on the statement of cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not applicable (NA). Show lessA on Required 8 >
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