At the end of the year. Blue Moon Properties' statement of cash flows reported the following for investing activities:

Requirement
For each item listed, make the journal entry that placed the item on Blue Moon's statement of cash flows?

Transcribed Image Text:

A1 Blue Moon Properties Consolidated Statement of Cash Flows (Partial) 2 Cash flows from Investing Activities: 3 Notes receivable collected 4 Purchases of short-term investments 5 Proceeds from sales of equipment 6 Proceeds from sales of investments (cost of $460,000) 7Expenditures for property and equipment 3,117,000 3,460,000 1,399,000* 468,000 1,731,000) $(207,000) Net cash used by investing activities