. 1. Prepare journal entries for the selected transactions listed below. 2. Based on the account information...
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1. Prepare journal entries for the selected transactions listed below. 2. Based on the account information in the ledger, the selected transactions below, and the other financial statements, prepare theStatement of Cash Flows for ABC Company for the year ended June 30, 2014 3. Answer questions A-D. 1. PREPARE THE JOURNAL ENTRIES. Some of ABC Company's January transactions are listed below. They have been already been posted to the ledger. Partial list of fiscal year ended June 30, 2014 transactions for ABC Company: a. Issued 5,000 shares of $1 par common stock for cash, $50,000 b. Sold investment for $35,000 of cash. c. Redeemed $55,000 bonds at face value. d. Declared $4,000 in dividends. e. Recorded depreciation on equipment, $18,500 f. Paid $3,500 in cash for dividends g. Purchased equipment for cash, $13,450 PARTIAL JOURNAL Debit Credit a. b. с. d. е. g. 1. Prepare journal entries for the selected transactions listed below. 2. Based on the account information in the ledger, the selected transactions below, and the other financial statements, prepare theStatement of Cash Flows for ABC Company for the year ended June 30, 2014 3. Answer questions A-D. 1. PREPARE THE JOURNAL ENTRIES. Some of ABC Company's January transactions are listed below. They have been already been posted to the ledger. Partial list of fiscal year ended June 30, 2014 transactions for ABC Company: a. Issued 5,000 shares of $1 par common stock for cash, $50,000 b. Sold investment for $35,000 of cash. c. Redeemed $55,000 bonds at face value. d. Declared $4,000 in dividends. e. Recorded depreciation on equipment, $18,500 f. Paid $3,500 in cash for dividends g. Purchased equipment for cash, $13,450 PARTIAL JOURNAL Debit Credit a. b. с. d. е. g.
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1 Journal entries are as prepared below Date Particulars LF Amount Amount a Cash 50000 Capital 50000 ... View the full answer
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