Indicate in general journal form how the following items would be entered in a work sheet to
Question:
(a) Net income is $207,000.
(b) Cash dividends declared (charged to retained earnings) and paid totalled $60,000.
(c) Equipment was purchased for $114,000.
(d) Equipment that originally cost $40,000 and had accumulated depreciation of $32,000 was sold for $13,000.
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a Operating x Net Income 207000 Retained Earnings 207000 b Retained Ea...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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