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The transactions below took place during the year 2020.

1.		Convertible bonds payable with a par value of $305,800 were exchanged for unissued common stock with a par value of $305,800. The market price of both types of securities was par.
2.		The net income for the year was $408,600.
3.		Depreciation expense for the building was $90,300.
4.		Some old office equipment was traded in on the purchase of some dissimilar office equipment, and the following entry was made.

Equipment		50,100
Accum. DepreciationEquipment		29,400
Equipment				40,300
Cash				33,200
Gain on Disposal of Plant Assets				6,000

		The Gain on Disposal of Plant Assets was included in income before income taxes.
5.		Dividends in the amount of $122,600 were declared. They are payable in January of next year.

Show by journal entries the adjustments that would be made on a worksheet for a 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.)

No.	Account Titles and Explanation	Debit	Credit
1.	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
2.	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
3.	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
4.	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
5.	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings
	Accumulated DepreciationBuildingAccumulated DepreciationEquipmentBonds PayableCommon StockDividends PayableEquipmentFinancingDepreciation ExpenseFinancingGain on Disposal of Plant AssetsFinancingNet incomeFinancingPayment of DividendsFinancingPurchase of EquipmentInvestingDepreciation ExpenseInvestingGain on Disposal of Plant AssetsInvestingNet incomeInvestingPayment of DividendsInvestingPurchase of EquipmentOperatingDepreciation ExpenseOperatingGain on Disposal of Plant AssetsOperatingNet incomeOperatingPayment of DividendsOperatingPurchase of EquipmentRetained Earnings

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