MATCHING For each of the following, enter a letter to indicate whether the transaction is an operating activity, a financing activity, or an investing activity. Assume all purchase and sale...

MATCHING

For each of the following, enter a letter to indicate whether the transaction is an operating activity, a financing activity, or an investing activity. Assume all purchase and sale transactions are for cash unless otherwise stated.

a.= operating activity

b.= financing activity

c.= investing activity

1.Collection of principal from a note receivable

2.Amortization of a patent

3.Purchase of an asset used in the company’s daily operations

4.Sale of treasury stock

5.Write-off of a bad debt

6.Depreciation expense

7.Sale of obsolete equipment no longer used in company operations

8.Collection of interest revenue on note receivable in (a) above

9.Borrow cash on a long-term note

10.Payment of a cash dividend