below are a number of transactions that took place in 283010

Below are a number of transactions that took place in Seneca Company during the past year:

Common stock was sold for cash.

Interest was paid on a note, decreasing Interest Payable.

Bonds were retired.

A long term loan was made to a subsidiary.

Interest was received on the loan in (d) above, reducing Interest Receivable.

A stock dividend was declared and issued on common stock.

A building was acquired by issuing shares of common stock.

Equipment was sold for cash.

Short term investments were sold.

Cash dividends were declared and paid.

Preferred stock was converted into common stock.

Deferred Income Taxes, a long term liability, was reduced.

Dividends were received on stock of another company held as an investment.

Equipment was purchased by giving a long term note to the seller.

Required:

Prepare an answer sheet with the following column headings:



Enter the letter of the transaction in the left column and indicate whether the transaction would be a source, use, or neither. Then place an X in the appropriate column to show the proper classification of the transaction on the statement of cash flows, or to show if it would be reported in a separate schedule or not reported on the statement atall.