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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 $319,000. (b)   Cash dividends declared and paid totaled $132,000. (c)   Equipment was purchased for $123,000. (d)   Equipment that originally cost $39,000 and had accumulated depreciation of $31,200 was sold for $9,300.

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 $319,000. (b)   Cash dividends declared and paid totaled $132,000. (c)   Equipment was purchased for $123,000. (d)   Equipment that originally cost $39,000 and had accumulated depreciation of $31,200 was sold for $9,300.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 $319,000.
(b)   Cash dividends declared and paid totaled $132,000.
(c)   Equipment was purchased for $123,000.
(d)   Equipment that originally cost $39,000 and had accumulated depreciation of $31,200 was sold for $9,300.
 
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