a. The loss on the cash sale of equipment was $5125(details in b). b.Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. The Statement of cash flows is not complete can you please fill in the blanks and correct the two marked wrong? thank you c. Purchased equipment costing $96,375 By paying $30,000 cash and signing a lon-term notes payable for the balance. d. Paid $46,125 cash to reduce the long-term notes payable. e. Issued 2,500 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,100.
a. The loss on the cash sale of equipment was $5125(details in b). b.Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. The Statement of cash flows is not complete can you please fill in the blanks and correct the two marked wrong? thank you c. Purchased equipment costing $96,375 By paying $30,000 cash and signing a lon-term notes payable for the balance. d. Paid $46,125 cash to reduce the long-term notes payable. e. Issued 2,500 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,100.
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 1M
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a. The loss on the cash sale of equipment was $5125(details in b).
b.Sold equipment costing $46,875, with accumulated
The Statement of cash flows is not complete can you please fill in the blanks and correct the two marked wrong? thank you
c. Purchased equipment costing $96,375 By paying $30,000 cash and signing a lon-term notes payable for the balance.
d. Paid $46,125 cash to reduce the long-term notes payable.
e. Issued 2,500 shares of common stock for $20 cash per share.
f. Declared and paid cash dividends of $50,100.
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