Indicate in general journal form how the items below would be entered in a worksheet...

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Accounting

Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

(a) Net income is $333,000.
(b) Cash dividends declared and paid totaled $109,000.
(c) Equipment was purchased for $105,000.
(d) Equipment that originally cost $35,000 and had accumulated depreciation of $28,000 was sold for $8,500.

No.

Account Titles and Explanation

Debit

Credit

(a)

select an account title to record the item under point AAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

select an account title to record the item under point AAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

(b)

select an account title to record the item under point BAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

select an account title to record the item under point BAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

(c)

select an account title to record the item under point CAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

select an account title to record the item under point CAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

(d)

select an account title to record the item under point DAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

select an account title to record the item under point DAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

select an account title to record the item under point DAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

select an account title to record the item under point DAccumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings Accumulated DepreciationEquipmentCashEquipmentFinancingCash DividendsFinancingPurchase of EquipmentFinancingSale of EquipmentInvestingCash DividendsInvestingPurchase of EquipmentInvestingSale of EquipmentNo EntryOperatingCash DividendsOperatingGain on Sale of EquipmentOperatingLoss on Sale of EquipmentOperatingNet IncomeOperatingSale of EquipmentOperatingPurchase of EquipmentRetained Earnings

enter a debit amount

enter a credit amount

Note: This is the entire question. Nothing has been left out. I provided the list of accounts.

Answer & Explanation Solved by verified expert
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