The records of XYZ Corp. provided the following data: a. Purchased a capital asset for $343,000; paid

The records of XYZ Corp. provided the following data:

  

 

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a. Purchased a capital asset for $343,000; paid cash. b. Depreciation expense is $135,500. c. Sold a capital asset for $68,600 cash; original cost was $181,500, accumulated depreciation is $141,500. d. Purchased a capital asset for $343,000; signed a long-term note with the vendor for $301,500 and paid $43,000 in cash. e. Wages expense is $337,500; wages payable decreased by $21,500. f. Sales revenue is $2,603,000; accounts receivable decreased by $431,500, g. Borrowed $215,500 cash from the bank. h. Declared a cash dividend totalling $133,500; dividends payable decreased by $5,500. 1. Paid a $303,000 note payable plus $13,500 interest. J. Converted long-term bonds into common shares in the amount of $8,030,000. a. Purchased a capital asset for $343,000; paid cash. b. Depreciation expense is $135,500. c. Sold a capital asset for $68,600 cash; original cost was $181,500, accumulated depreciation is $141,500. d. Purchased a capital asset for $343,000; signed a long-term note with the vendor for $301,500 and paid $43,000 in cash. e. Wages expense is $337,500; wages payable decreased by $21,500. f. Sales revenue is $2,603,000; accounts receivable decreased by $431,500, g. Borrowed $215,500 cash from the bank. h. Declared a cash dividend totalling $133,500; dividends payable decreased by $5,500. 1. Paid a $303,000 note payable plus $13,500 interest. J. Converted long-term bonds into common shares in the amount of $8,030,000.

Answer rating: 100% (QA)

Sure heres how each of the given items would be classified and appear on the Statement of Cash Flows SCF using the indirect method a Purchased a capit... View the full answer