Question 1 (4 marks) For each of the following transactions, indicate whether operating (O), investing...
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Accounting
Question 1 (4 marks) For each of the following transactions, indicate whether operating (O), investing (1), or financing (F) activities are affected and whether the effect is a cash inflow (+) or outflow (-), or write (NE) if the transaction has no effect on cash. The first transaction has been done as an example. Ex. Bought used equipment for cash 1. Recorded an adjusting entry to recognize accrued salaries expense 2. Recorded and paid interest on loan from bank 3. Repaid principal on loan from bank 4. Made payment to suppliers on account 1-
Question 1 ( 4 marks) For each of the following transactions, indicate whether operating (0), investing (1), or financing (F) activities are affected and whether the effect is a cash inflow (+) or outflow (), or write (NE) if the transaction has no effect on cash. The first transaction has been done as an example
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