CLASSIFYING AND ANALYZING BUSINESS ACTIVITIES

Cowell Company had the following business activities during 2009:
a. Paid cash for inventory
b. Paid cash dividend to shareholders
c. Issued common stock for cash
d. Purchased equipment for cash
e. Paid interest on long-term debt
f. Acquired land in exchange for common stock
g. Received cash from the sale of merchandise
h. Issued bonds payable in exchange for cash
i. Paid salaries to employees
j. Sold equipment for cash
k. Purchased inventory on account
l. Recorded amortization related to an intangible asset