E9-2B. Identify cash flows. (LO 1, 4)
For each transaction, indicate the amount of the cash flow, indicate whether each results in an inflow or outflow of cash, and give the section of the statement in which each cash flow would appear. Assume the statement of cash flows is prepared using the direct method
| Inflow or Outflow | Section of the Statement | |
| Item | ||
| a. lssued6 60 shares of $0.10 Par | ||
| common stock for $15 per share. | ||
| b. Sold $2,500 of inventory, received | ||
| $1,500 in cash and remaining | ||
| $1,000o n account | ||
| c. Purchased a $2,500 computer by | ||
| Paying cash of $1,000 and signing | ||
| a short-term note for the | ||
| other $1,500 | ||
| d. Paid $600 for routine maid | ||
| Service to clean office | ||
| e. Paid rent and utility expenses | ||
| totaling $2,250 | ||
| f. Hired a runner to carry | ||
| Correspondences between | ||
| offices and paid her $175 | ||
| g. Repaid the $1,500 short-term | ||
| note along with $100 interest | ||
| h. Purchase $1,500 of treasury stock |
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