Identify Each of the Following Business Activities 1 Through 6

question 253

Short Answer

Identify each of the following business activities 1 through 6 into the appropriate category a, b, and c.
a. Operating
b. Investing
c. Financing
____ 1. Paid utilities expenses.
____ 2. Withdrawal of funds by owners.
____ 3. Purchase of land.
____ 4. Sale of used equipment.
5. Borrowed money from a bank on a long-term note.
6. Paid employee wages.
____ 7. Received investment from owner.
____ 8. Paid an amount due on a long-term bank loan.

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