Classify each transaction in given activity category

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Reference no: EM131823799

Question: Review the transactions listed in for Persimmon Corp. Classify each transaction as either an operating activity, investing activity, or financing activity, or if no cash is exchanged, as a noncash event.

Problem: During 2017, its first year of operations as a delivery service, Persimmon Corp. entered into the following transactions.

1. Issued shares of common stock to investors in exchange for $100,000 in cash.

2. Borrowed $45,000 by issuing bonds.

3. Purchased delivery trucks for $60,000 cash.

4. Received $16,000 from customers for services performed.

5. Purchased supplies for $4,700 on account.

6. Paid rent of $5,200.

7. Performed services on account for $10,000.

8. Paid salaries of $28,000.

9. Paid a dividend of $11,000 to shareholders.

Reference no: EM131823799

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