For each​ transaction, identify the appropriate section on the statement of cash flows to report the transaction. Choose​ from: Cash flows from operating activities​ (O), Cash flows from investing activities​ (I), Cash flows from financing activities​ (F), or Is not reported on the statement of cash flows​ (X). If reported on the​ statement, decide whether the transaction should be shown as a positive cash flow​ (+) or a negative cash flow
​(dash–​):
​(If the transaction is not reported on the statement of cash​ flows, select an​ "X" in the first column and leave the second column​ blank.)
Section on the
Positive (+) or
Transaction
statement of cash flows
negative (-) cash flow
a.
The business received cash from the issuance of common stock.
b.
Paid cash on accounts payable for office supplies purchased.
c.
Performed services for a customer on account.
d.
Cash dividends were paid to stockholders.
e.
Received cash from a customer for services performed.
f.
Purchased equipment with cash.
g.
Paid rent for the month.
h.
Purchased land; signed a note payable.
i.
Paid employees wages for the week.
j.
Incurred utility expense on account.