Cascade Corporation Began Business Operations and Experienced the Following Transactions

question 33

Essay

Cascade Corporation began business operations and experienced the following transactions during Year 1:Issued common stock for $20,000 cashProvided services to customers for $80,000 on accountIncurred $36,000 of operating expenses on accountCollected $46,000 cash from customersPaid $30,000 on accounts payableRequired:Record the above transactions on a horizontal statements model to reflect their effect on Cascade's financial statements. Classify each of the following transactions for the purpose of the statement of cash flow as operating activities (OA), investing activities (IA), or financing activities (FA). If a transaction is not reported on the statement of cash flows, leave that cell blank.

---

Definitions:

Domestic Violence

Acts of violence or abuse by one person against another in domestic settings, such as in marriage or cohabitation.

Low-Income Families

Households earning significantly below the median income level, facing financial hardship and limited access to resources.

Familycide

Murdering one’s spouse, ex-spouse, children, or other relatives before attempting or committing suicide.

Battered Women

refers to women who have experienced physical and often psychological violence, typically at the hands of an intimate partner.