Question

Indicate in general journal form how the following items would be entered in a work sheet to prepare the statement of cash flows.
(a) Net income is $207,000.
(b) Cash dividends declared (charged to retained earnings) and paid totalled $60,000.
(c) Equipment was purchased for $114,000.
(d) Equipment that originally cost $40,000 and had accumulated depreciation of $32,000 was sold for $13,000.


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  • CreatedAugust 23, 2015
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