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biokam biokam
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A month ago
Classify each of the following items as a source or use of cash by placing an X in each appropriate column. Assume transactions involve cash.

Source of CashUse of Cash
Purchase of new equipment
Repayment of loan payable
Payment by customers for accounts receivable balance
Issuance of common stock
Payment of dividends to stockholders
Sale of old delivery truck
Payment of federal income taxes
Receipt of interest on bank account
Payment for three-year insurance policy
Refund from major supplier for returned goods
Textbook 

Managerial Accounting


Edition: 4th
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12Jfiscus12Jfiscus
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A month ago
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Source of CashUse of Cash
Purchase of new equipmentX
Repayment of loan payableX
Payment by customers for accounts receivable balanceX
Issuance of common stockX
Payment of dividends to stockholdersX
Sale of old delivery truckX
Payment of federal income taxesX
Receipt of interest on bank accountX
Payment for three-year insurance policyX
Refund from major supplier for returned goodsX


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biokam Author
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A month ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This calls for a celebration Person Raising Both Hands in Celebration
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2 hours ago
Helped a lot
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