The Following Transactions Apply to Kellogg Company

Essay

The following transactions apply to Kellogg Company.1)Issued common stock for $20,000 cash2)Provided services to customers for $38,000 on account3)Purchased land for $15,000 cash4)Incurred $29,000 of operating expenses on account5)Collected $35,000 cash from customers for services provided in event #26)Paid $27,000 on accounts payable7)Paid $2,000 dividends to stockholdersRequired:a)Identify the dollar amount effect on the statement of cash flows, if any, for each of the above transactions.b)If applicable, indicate whether each transaction involves operating, investing, or financing activities.