The statement of cash flows for Picture Perfect Photography reported the following for the year ended December
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Question:
The statement of cash flows for Picture Perfect Photography reported the following for the year ended December 31, 2014:
Cash flows from financing activities: | |
Dividends (declared and) paid | $(8,000) |
Proceeds from issuance of common shares | 14,200 |
Payments of short-term notes payable | (6,700) |
Payments of long-term notes payable | (1,350) |
Proceeds from issuance of long-term notes payable | 2,800 |
Make the journal entry that Picture Perfect used to record each of these transactions.
Related Book For
OM operations management
ISBN: 978-1285451374
5th edition
Authors: David Alan Collier, James R. Evans
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