Equipment date jan 1 balance 160,000 debit credit /july 31 purchase of equipment
ID: 2360635 • Letter: E
Question
Equipment date jan 1 balance 160,000 debit credit /july 31 purchase of equipment debit 70,000 cr balance 230,000 /sept 2 cost of equipment constructeded debit 53,000 credit balance 283,000 / nov 10 cost of equipment sold debit credit 49,000 Accumulated Depreciation Equipment/date-jan 1 debit credit balance 71,000/ nov 10 Accumulated deprecation on equipment sold debit 28,000 credit balance 43;000/ dec 31 Deprecation for the yr debit credit 23,000 balance 66,000 /Retained Earning date jan 1 balance debit credit balance 105,000/ aug 23 dividends cash debit 17,000 credit balance 88,000/dec 31 Net income debit credit 67,000 balance 155,000/ i need to prepare from these posting in the account indicate how the information is reported on a statement of cash flows using the indirect method. the loss on disposal of plant assets was 5,000/ i need to show amount that decreases cash flow/ i need toprepare Chaudry inc partial statement of cash flow for the yr ending 12/31/2014/ can u please show me solution and fill out the blance for me how tosolve this transcation please jackdumbExplanation / Answer
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