Question: please show your work Bonds payable Common stock Retained earnings Total 55,000 110,000 117,00 $341.250 Additional information: 1. New plant assets costing $50,000 were purchased

please show your work
please show your work Bonds payable Common stock Retained earnings Total 55,000

Bonds payable Common stock Retained earnings Total 55,000 110,000 117,00 $341.250 Additional information: 1. New plant assets costing $50,000 were purchased for cash during the year 2. Old plant assets having an original cost of $28,750 and accumulated depreciation of $24,250 were sold for $750 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $13,015 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions INSTRUCTIONS: Determine the result produced by the displayed cash low activity. First state whether the net cash is provided by or used by the displayed cash amount is negative, record it with parentheses as follows: (5555,555). Failure to do so will result in an incorrect answer. Example responses: Net cash provided by or used by? Used by Net cash amount? $555.555 Cash flows from financing activities Net cash provided by or used by Net cash 2 hp Bonds payable Common stock Retained earnings Total 55,000 110,000 117,00 $341.250 Additional information: 1. New plant assets costing $50,000 were purchased for cash during the year 2. Old plant assets having an original cost of $28,750 and accumulated depreciation of $24,250 were sold for $750 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $13,015 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions INSTRUCTIONS: Determine the result produced by the displayed cash low activity. First state whether the net cash is provided by or used by the displayed cash amount is negative, record it with parentheses as follows: (5555,555). Failure to do so will result in an incorrect answer. Example responses: Net cash provided by or used by? Used by Net cash amount? $555.555 Cash flows from financing activities Net cash provided by or used by Net cash 2 hp

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