Preparing Entries for an Accounting WorksheetIndicate the entries that would be included on an accounting worksheet for each of the following items.a. Depreciation expense of $25,805.b. Increase in prepaid expenses of $4,000.c. Purchase of equipment of $160,000.d. Dividend payment, $19,200.Cash Flow Worksheet EntriesDepreciation Expense-Operating sectionAccumulated DepreciationIncrease in Prepaid Expenses Operating sectionCashPurchase of Equipment-Investing sectionCashDividends Paid-Financing sectionCash◆◆◆◆◆+✔✓XxxXXDr.25,805 ✔04,0000160,000 ✓019,200 ✓0✔Cr.0✔25,805 ✔0✔4.000 ✓0✓160,000 ✓0✔19,200✔

Journal entries are basically recording of business transactions in the books of accounts. It…

Preparing Entries for an Accounting Worksheet Indicate the entries that would be included on an accounting worksheet for each of the following items. a. Depreciation expense of $25,805. b. Increase in prepaid expenses of $4,000. c. Purchase of equipment of $160,000. d. Dividend payment, $19,200.

Preparing Entries for an Accounting Worksheet Indicate the entries that would be included on an accounting worksheet for each of the following items. a. Depreciation expense of $25,805. b. Increase in prepaid expenses of $4,000. c. Purchase of equipment of $160,000. d. Dividend payment, $19,200.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.2.1MBA

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