Cash receipt from sale of land $ 34,000 The following data for the year ended September...

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Cash receipt from sale of land $ 34,000 The following data for the year ended September 30, 2018 has been presented by Bell Company: Net income Depreciation expense $ 20,000 Purchase of equipment $ 55,000 $ 39,000 Payment of dividends $ 6,100 Decrease in current liabilities $ 19,000 Cash receipt from issuance of common stock $30,000 Increase in current assets other than cash $14,000 Prepare the statement of cash flows for the year ended September 30, 2014 for Bell Company using the indirect method. Cash receipt from sale of land $ 34,000 The following data for the year ended September 30, 2018 has been presented by Bell Company: Net income Depreciation expense $ 20,000 Purchase of equipment $ 55,000 $ 39,000 Payment of dividends $ 6,100 Decrease in current liabilities $ 19,000 Cash receipt from issuance of common stock $30,000 Increase in current assets other than cash $14,000 Prepare the statement of cash flows for the year ended September 30, 2014 for Bell Company using the indirect method.

Answer rating: 100% (QA)

Answer The correct entry in Barbaras journal would be a debit to Contract Assets f... View the full answer