Classify each of the following transactions for the purpose of the statement of cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not reported on the statement of cash flows (NA).1)________ Collected accounts receivable2)________ Made adjusting entry to accrue salary expense at the end of the year3)________ Borrowed funds from the bank4)________ Paid cash to settle accounts payable5)________ Issued common stock for $30,000 cash6)________ Paid cash to acquire land

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The Answer of Classify each of the following transactions for the purpose of the statement of cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not reported on the statement of cash flows (NA).1)________ Collected accounts receivable2)________ Made adjusting entry to accrue salary expense at the end of the year3)________ Borrowed funds from the bank4)________ Paid cash to settle accounts payable5)________ Issued common stock for $30,000 cash6)________ Paid cash to acquire land

Classify Each of the Following Transactions for the Purpose of the Statement