Can you tell me what is borrowing 3,750 cash by signing a short-term note payable is a financing or a investing activity?
Paid 31,375 cash to reduce the long-term notes payable a financing or a investing activity?
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Can you tell me what is borrowing 3,750 cash by signing a short-term note payable is a financing or a investing activity?
Paid 31,375 cash to reduce the long-term notes payable a financing or a investing activity?
It seems like a financing activity. If you don't have the required amount of reserves, you would have to borrow and this would show up in the financing area. If you have a profit, you would pay the loan off or just make a payment.
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