Balfour Company prepared the following information as part of its bank reconciliation as of October 31, 2014:
Required:
Indicate how each of the transactions reflected in the bank reconciliation would affect Balfour's financial statements, using the model provided. Enter dollar amounts of increases and decreases. For each cash flow, indicate whether it is an operating (OA), investing (IA), or financing (FA) activity.

Question

Balfour Company prepared the following information as part of its bank reconciliation as of October 31, 2014:  
Required:
Indicate how each of the transactions reflected in the bank reconciliation would affect Balfour's financial statements, using the model provided. Enter dollar amounts of increases and decreases. For each cash flow, indicate whether it is an operating (OA), investing (IA), or financing (FA) activity.

Quizplus · Accepted Answer

The Answer of Balfour Company prepared the following information as part of its bank reconciliation as of October 31, 2014:  
Required:
Indicate how each of the transactions reflected in the bank reconciliation would affect Balfour's financial statements, using the model provided. Enter dollar amounts of increases and decreases. For each cash flow, indicate whether it is an operating (OA), investing (IA), or financing (FA) activity.

Balfour Company Prepared the Following Information as Part of Its