Question: I need help figuring out what numbers to put in 2 6 Accum. depreciation-Equipment Liabilities and Equity Short-term notes payable Long-term notes payable 2 5
I need help figuring out what numbers to put in


2 6 Accum. depreciation-Equipment Liabilities and Equity Short-term notes payable Long-term notes payable 2 5 2 5 Paid-in capital in excess of par, common stock 9 5 For Year Ended December 31, 2016 5 2 8 0 Additional Information on Year 2016 Transactions a. The loss on the cash sale of equipment was $4,425 (details in b) 3 0 6 3 0 0 6 0 d. Borrowed $3,700 cash by signing a short-term note payable e. Paid $43,525 cash to reduce the long-term notes payable g. Declared and paid cash dividends of $51,800 For Year Ended December 31, 2016 Cash flows from operating activities Net Income 114,975 Adjustments to reconcile net income to net cash provided by operations Depreciation expense Accounts receivable increase Inventory increase Prepaid expense decrease Accounts payable decrease Loss on disposal of equipment 20,750 (15,185) (23,856) 625 (61,534) 5.125 40,900 Net cash provided by operating activities Cash flows from investing activities Cash paid for equipment Cash received from sale of equipment (30,000) 11,625 Net cash used in investing activities Cash flows from financing activities (18,375) Cash borrowed on short-term note Cash paid on long-term note Cash received from issuing stock Cash paid for dividends 4,000 (50,125) 50,000 (50,100) (46,225) $ (23,700) Net cash used in financing activities Net increase (decrease) in cash Cash balance at beginning of year Cash balance at end of year $ (23,700)
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