MAT200 Sect1 Principles of Accounting: Module 7 Assignment

Assignment Description:
Identify which category (operating, financing, and investment activities) do the items below belong to.

Cash from customers
Wages and salaries
Cash paid to vendors
Purchase of property and equipment
Payments on line of credit

With the transactions below, create a cash flow statement under the direct method.

Cash received from customers: $5,000
Cash paid to employees: $10,000
Cash paid on interest: $1,000
Proceeds from line of credit: $100,000
Purchase of machinery: $8,000
Write a summary describing what you did in this assignment.
Record audio and video showing your work (approximately 6-8 minutes).
M7 Assignment UMBO – 2, 3, 4
M7 Assignment PLG – 1, 3
M7 Assignment CLO – 1, 6, 8

Instructions & Specifications
Submissions
Rubric
Start by reading and following these instructions:
Study the required chapter(s) of the textbook and any additional recommended resources. Some answers may require you to do additional research on the Internet or in other reference sources. Choose your sources carefully.
Consider the discussion and the any insights you gained from it.
Review the assignment rubric and the specifications below to ensure that your response aligns with all assignment expectations.
Create your assignment submission and be sure to cite your sources, use APA style as required, and check your spelling.
The following specifications are required for this assignment:
Length: 6-8 minute video; answers must thoroughly address the two questions in a clear, concise manner
Structure: Include a title page and reference page in APA style. These do not count toward the minimum word amount for this assignment.
References: Use the appropriate APA style in-text citations and references for all resources utilized to answer the questions. Include at least three (3) scholarly citations to support your claims.
Format: Save your assignment as a .mp4 or provide the link to the video on YouTube.
Filename: Name your saved file according to your FirstInitialLast Name_CourseID_ModuleNumber (for example, “RHall_EDD820_M1.docx”).
After completing the assignment above, select the link below to access the next module overview.