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Use the following financial statements and additional information. Idditional Information a. A$37,000 note payable is retired at its $37,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $83,000 cash. d. Received cash for the sale of equipment that had cost $69,000, yielding a $6,500 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Using the income statement, the comparative balance sheet, and the additional information given above, re the summarized activity of the clirrent fiscal year. Upon completion, the trial balance tab should agree balances. Journal entry worksheet Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Using the income statement, the comparative balance sheet, and the additional information given an the summarized activity of the current fiscal year. Upon completion, the trial balance tab shou balances. Journal entry worksheet Note: Enter debits before credits. Use the following financial statements and additional information. Idditional Information a. A$37,000 note payable is retired at its $37,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $83,000 cash. d. Received cash for the sale of equipment that had cost $69,000, yielding a $6,500 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Using the income statement, the comparative balance sheet, and the additional information given above, re the summarized activity of the clirrent fiscal year. Upon completion, the trial balance tab should agree balances. Journal entry worksheet Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Using the income statement, the comparative balance sheet, and the additional information given an the summarized activity of the current fiscal year. Upon completion, the trial balance tab shou balances. Journal entry worksheet Note: Enter debits before credits

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