Question: please can you do both and if your an expert i really appreciate it, thank you :( running out of time Question 13 8 pts

please can you do both and if your an expert i really appreciate it, thank you :( running out of time
please can you do both and if your an expert i really
appreciate it, thank you :( running out of time Question 13 8

Question 13 8 pts On March 1, 2030, Nolan Country Club purchased a new commercial mower for $31,000. The mower is expected to have a 10-year life with a $4,000 salvage value, Chart of Accounts Assets Liabilities Stockholders' Equity Cash Accounts Payable Common Stock Accounts Receivable Uneamed Revenue Retained Earnings Allowance for Doubtful Interest Payable Sales Revenue Accounts Sales Returns and Inventory Taxes Payable Allowances Supplies Notes Payable Sales Discounts Prepaid Insurance Cost of Goods Sold Equipment Bad Debt Expense Building Depreciation Expense Land Insurance Expense Accumulated Depreciation Wages and Salaries Expense What journal entry would Nolan make on December 31, 2030, if it uses straight-line depreciation? List debit transactions first and then list credit transactions Use accounts provided in the Chart of Accounts above. Do NOT create your own account When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. General Journals Date Account Titles and Explanation Debit ($) 12/31 Depreciation Expen Credit ($) Accumulated Depre To record depreciation expense Question 18 8 pts Given the following cash transactions relating to Camarillo Company, (1) what is the net cash flows from operating activities. (2) net change (increase/decrease) of cash during the year, and (3) ending cash balance using the direct method? Beginning cash balance is $98,200 and ending cash balance is $79.900. 1. Customers paid cash for services received $88,000 2. Purchased new equipment for cash $42,500 3. Made cash payment for rent $6,000 4. Received cash dividends $3,100 5. Purchased 10,000 outstanding common stock shares (treasury stock) for cash $20,000 6. Received cash for selling old equipment $15,500 7. Paid back outstanding notes payable balance $35,000 8. Paid employees salaries and wages in cash $21.400 . Hint: First, determine if the transaction is operating, investing, or financing. Then, calculate the change (increase or decrease) in cash balance. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. For negative amount (including decrease of cash), make sure to indicate it with a negative sign or in parentheses. For example, if you answer is -$5,000, you can either input the response as -5,000 or (5,000). . Responses (1) Net Cash Flows from Operating Activities $ $ (2) Net Change (Increase/Decrease) of Cash (3) Ending Cash Balance

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