Financing Activity for Accounting Class?

Question

Please don't answer this with any remarks such as "you should do your own homework" etc... I know I should but do not understand this exercise.

Directions: For each of the following items, identify which part of the transformation process is involved. Use F to indicate a financing activity, I to indicate an investing activity, or O to identify an operating activity.


a.New manufacturing equipment was purchased for installation in the factory.
b.Three new salespersons were hired.
c.A loan was obtained from a local bank.
d.A $500 down payment on goods received from a customer.
e.The Human Resources department hired three new employees.
f.The company’s worn-out delivery truck was sold to a junk yard for $400.
g.The owner contributed more cash to the business.
h.Refunds totaling $450 were given to several customers.
i.Goods were shipped to a customer in a neighboring state.
j.The remaining balance of the loan was repaid in full

Thank you, I appreciate it

Answer 1

a. I
b. O
c. F
d. F
e. O
f . I
g. I
h. F
i. O
j. F

Answer 2

a. I
b. O or N/A
c. F
d. O
e. O or N/A
f. I
g. F
h. O
i. O
j. F

I don't think that B and E really have any significance on cash if that is the context of this question.