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Garrison Corporation has the following transactions: 1. Dividends are paid to the shareholders. 2. A utility bill for July is

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Answer #1

Answer: 1,4,7

Explanations:

1 Dividends paid Financing activity
2 Utilities paid Operating activity
3 Warehouse purchased Investing activity
4 Paid for debt Financing activity
5 Wages paid Operating activity
6 Units sold Operating activity
7 Issuance of common stock Financing activity
8 Sale of van Investing activity

Therefore, 1,4,7 are the financing activities

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