Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 Sep 2017 My Price 5.00

Jackie Benefield

El-SA. Classify cashflows. Classify each transaction as an operating, investing, or financ­ ing activity. Assume  all transaction s are for cash. (LO 2,  4)

a.     Jackie Benefield makes a contribution of $95,000 to start the Horse Trails & Stables from her personal funds.

b.     The company purchases three horses and some equipment for $25,000 in cash.

c.    The company purchases  $5,000 worth of  advertising  with the local   newspaper.

d.    The company pays rent of $15,000 for barn  and pasture  space as well as use of 50 acres of land for riding   trails.

e.    The company hires several people to clean stables at a cost of $600 for the month.

f.    The first customers pay Horse Trails & Stables $4,225 for 6 months' worth of riding lessons.

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Sep 2017 09:09 AM My Price 5.00

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