Question: Data for Anita Baker Company are presented in E23-18. Instructions Prepare entries in journal form for all adjustments that should be made on a worksheet

Data for Anita Baker Company are presented in E23-18.

Instructions
Prepare entries in journal form for all adjustments that should be made on a worksheet for a statement of cashflows.

Retained Earnings Jan. 1, 2014 Dividends (cash) Net Income for 2014 $15,000 Dec. 31 $40,000 Jan. 1, 2014 $140,000 Debit Balance Purchase of Equipment Cost of Equipment Constructed Equipment Sold S56,000 Jan. 1, 2014 Credit Balance Extraordinary Repairs Accum. Depreciation on Equipment Sold Depreciation for 2014 Dec. 31 $16,800

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