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201 match each of the following items 1 through 8 with the financial statement a thr 4296392

 

201.Match each of the following items 1 through 8 with the financial statement a through d in which each item would most likely appear. An item may appear on more than one statement.

a. Income statement
b. Statement of owner's equity
c. Balance sheet
d. Statement of cash flows

_____1. Assets.
_____2. Withdrawals.
_____3. Revenues.
_____4. Cash from investing activities.
_____5. Expenses.
_____6. Liabilities.
_____7. Cash from operating activities.
_____8. Cash from financing activities. 
 
 

202.Classify the following activities according to the appropriate section of the statement of cash flows.

a. Operating activity
b. Investing activity
c. Financing activity

____ 1. Cash received from a one-time sale of used office equipment.
____ 2. Cash paid for withdrawals by owners.
____ 3. Cash received from customers.
____ 4. Cash received from owner contributions.
____ 5. Cash paid for utilities.
____ 6. Cash paid for a delivery van to be used in the business. 
 
 

 

 

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