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Classify each of the following items as a source or use of cash by placing an X in each appropriate ...

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Classify each of the following items as a source or use of cash by placing an X in each appropriate ...

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 Cash	Use 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

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Managerial Accounting

Edition: 4^th

Author: Davis

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