The following transactions apply to Kellogg Company.1)Issued common stock for $20,000 cash2)Provided services to customers for $38,000 on account3)Purchased land for $15,000 cash4)Incurred $29,000 of operating expenses on account5)Collected $35,000 cash from customers for services provided in event #26)Paid $27,000 on accounts payable7)Paid $2,000 dividends to stockholdersRequired:a)Identify the dollar amount effect on the statement of cash flows, if any, for each of the above transactions.b)If applicable, indicate whether each transaction involves operating, investing, or financing activities.

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The Answer of The following transactions apply to Kellogg Company.1)Issued common stock for $20,000 cash2)Provided services to customers for $38,000 on account3)Purchased land for $15,000 cash4)Incurred $29,000 of operating expenses on account5)Collected $35,000 cash from customers for services provided in event #26)Paid $27,000 on accounts payable7)Paid $2,000 dividends to stockholdersRequired:a)Identify the dollar amount effect on the statement of cash flows, if any, for each of the above transactions.b)If applicable, indicate whether each transaction involves operating, investing, or financing activities.

The Following Transactions Apply to Kellogg Company