The Following Transactions Apply to Kellogg Company

Essay

The following transactions apply to Kellogg Company.Issued common stock for $20,000 cashProvided services to customers for $38,000 on accountPurchased land for $15,000 cashIncurred $29,000 of operating expenses on accountCollected $35,000 cash from customers for services provided in event number 2Paid $27,000 on accounts payablePaid $2,000 dividends to stockholdersRequired:Identify the dollar amount effect on the statement of cash flows, if any, for each of the above transactions. Enter NA for items not affected.Indicate whether each transaction involves operating, investing, or financing activities. Leave the related cell blank for items that do not result in operating, investing, or financing cash flows.