(Solution) - Review the transactions listed in E3 1 for Thyme Advertising Company -(2025 Original AI-Free Solution)

Paper Details

Review the transactions listed in E3-1 for Thyme Advertising Company. Classify each transaction as either an operating activity, investing activity, or financing activity, or if no cash is exchanged, as a noncash event
In E3-1
Selected transactions for Thyme Advertising Company, Inc. are listed here.
1. Issued common stock to investors in exchange for cash received from investors.
2. Paid monthly rent.
3. Received cash from customers when service was performed.
4. Billed customers for services performed.
5. Paid dividend to stockholders.
6. Incurred advertising expense on account.
7. Received cash from customers billed in (4).
8. Purchased additional equipment for cash.
9. Purchased equipment on account.