Selected transactions for Jiji Company are listed below.
a. Collected accounts receivable.
b. Declared and paid dividends on common stock.
c. Sold long-term investments for cash.
d. Issued stock for furniture.
e. Repaid six year note payable.
f. Paid employee salaries.
g. Converted bonds payable to common stock.
h. Acquired long-term investment with cash.
i. Sold buildings and equipment for cash.
j. Sold goods to customers.
Requirements
Classify each transaction as either (a) an operating activity, (b) an investing activity, (c) a financing activity, or (d) a noncash investing and financing activity.
