Indicate on the blanks below the letter of the type of activity (O = operating activity, F = financing activity, I = investing activity, N = noncash transaction) each of the following transactions represents.
_____ 1. Firm sold 8,000 shares of its own common stock for cash.
_____ 2. Sold $200,000 worth of products for cash.
_____ 3. Paid $120,000 dividend.
_____ 4. Received $1,500 in interest income.
_____ 5. Exchanged 6,000 shares of stock for 15-year bonds.
_____ 6. Paid $121,000 to the U.S. Treasury for income taxes.

Question

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The Answer of Indicate on the blanks below the letter of the type of activity (O = operating activity, F = financing activity, I = investing activity, N = noncash transaction) each of the following transactions represents.
_____ 1. Firm sold 8,000 shares of its own common stock for cash.
_____ 2. Sold $200,000 worth of products for cash.
_____ 3. Paid $120,000 dividend.
_____ 4. Received $1,500 in interest income.
_____ 5. Exchanged 6,000 shares of stock for 15-year bonds.
_____ 6. Paid $121,000 to the U.S. Treasury for income taxes.

Indicate on the Blanks Below the Letter of the Type