Directions: Fill in the following table using the equation: ∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity. Indicate the name of the noncash asset, liability, or equity account affected by the transaction and if change in cash is classified as operating (O), investing (I), financing (F), or noncash (NC). The first line has been completed for you as an example Item ∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity 1. Prepaid office rent for cash -O = - + Prepaid Rent + + 2. Sale of land held for cash = - + + 3. Cash payment of taxes payable = - + + 4. Issue preferred stock to investors for cash = - + + 5. Purchase equipment that is financed directly by the seller = - + + 6. Paid cash dividend = - + + 7. Pay notes payable = - + + 8. Pay interest payable = - + +
Directions: Fill in the following table using the equation: ∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆
the noncash asset, liability, or equity account affected by the transaction and if change in cash is classified as operating (O), investing (I),
financing (F), or noncash (NC). The first line has been completed for you as an example
Item
∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity
1. Prepaid office rent for cash -O = - + Prepaid Rent + +
2. Sale of land held for cash = - + +
3. Cash payment of taxes payable = - + +
4. Issue
5. Purchase equipment that is financed directly by the seller = - + +
6. Paid cash dividend = - + +
7. Pay notes payable = - + +
8. Pay interest payable = - + +
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