Consider the following transactions:
1. Pay employees' salaries.
2. Repay borrowing to the bank.
3. Purchase equipment with note payable.
4. Provide services to customers on account.
5. Pay dividends to stockholders.
6. Collect cash from customers for services provided.
7. Purchase supplies on account.
8. Pay for supplies purchased in transaction 7 above.
For each transaction, indicate the type of cash flow involved based on the classifications in the statement of cash flows. If a transaction does not involve cash, write 'No Cash.'

Question

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The Answer of Consider the following transactions:
1. Pay employees' salaries.
2. Repay borrowing to the bank.
3. Purchase equipment with note payable.
4. Provide services to customers on account.
5. Pay dividends to stockholders.
6. Collect cash from customers for services provided.
7. Purchase supplies on account.
8. Pay for supplies purchased in transaction 7 above.
For each transaction, indicate the type of cash flow involved based on the classifications in the statement of cash flows. If a transaction does not involve cash, write 'No Cash.'

Consider the Following Transactions