Indicate in general journal form how the following items would be entered in a work sheet to prepare the statement of cash flows where payments for dividends are classified as financing activities Indicate within the journal entries any items that have an impact on (Operating), (Investing), or (Financing) activities Net income is $210,000 (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Account Titles and Explanation Debit Credit select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount eTextbook and Media Cash dividends declared (charged to retained earnings) and paid totalled $57,800 (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Account Titles and Explanation Debit Credit select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount eTextbook and Media Equipment was purchased for $125,000 (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Account Titles and Explanation Debit Credit select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount eTextbook and Media Equipment that originally cost $38,200 and had accumulated depreciation of $32,700 was sold for $15,000 (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Account Titles and Explanation Debit Credit select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount select an account title Accumulated Depreciation EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating) enter a debit amount enter a credit amount

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Question: Indicate in general journal form how the following items would be entered in a work sheet to prepare the statement of cash flows where payments

Indicate in general journal form how the following items would be entered in a work sheet to prepare the statement of cash flows where payments for dividends are classified as financing activities. Indicate within the journal entries any items that have an impact on (Operating), (Investing), or (Financing) activities.

Net income is $210,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount

eTextbook and Media

Cash dividends declared (charged to retained earnings) and paid totalled $57,800. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount

eTextbook and Media

Equipment was purchased for $125,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount

eTextbook and Media

Equipment that originally cost $38,200 and had accumulated depreciation of $32,700 was sold for $15,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount
select an account title Accumulated Depreciation - EquipmentDividends Paid (Financing)Dividends Paid (Investing)Dividends Paid (Operating)EquipmentGain on Disposal of Equipment (Financing)Gain on Disposal of Equipment (Investing)Gain on Disposal of Equipment (Operating)Net Income (Financing)Net Income (Investing)Net Income (Operating)Purchase of Equipment (Financing)Purchase of Equipment (Investing)Purchase of Equipment (Operating)Retained EarningsSale of Equipment (Financing)Sale of Equipment (Investing)Sale of Equipment (Operating)	enter a debit amount	enter a credit amount

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