Question: 1.Calculate the changes in the balance sheet accts 2 . Analyze the changes for the long term accts and changes in equity 3 . Knit

1.Calculate the changes in the balance sheet accts 2 . Analyze the changes for the long term accts and changes in equity 3 . Knit the data into 3 activities a) operating b ) investing c ) financing uther Information: 1. Net Income for the FYE June 30,2020 was $32,000 2. During the FYE June 30,2020 equipment was sold for $8,000 cash. The equipment originally cost $18,000 and had accumulated depreciation of $11,000 at the time of sale. 3. The company issued 1,000 shares of stock during the year, and issued some bonds. 4. The company paid a cash dividend during 2020
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
