#26
For each of the following separate transactions: 1. Sold a building costing $38,000, with $23,200 of accumulated depreciation, for $11,200 cash, resulting in a $3,600 loss 2. Acquired machinery worth $13,200 by issuing $13,200 in notes payable. 3. Issued 1,320 shares of common stock at par for $2 per share. 4. Note payables with a carrying value of $41,600 were retired for $50,200cash, resulting in a $8,600 loss. (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows Complete this question by entering your answers in the tabs below. Prepare the reconstructed journal entry. Journal entry worksheet 4 For each of the following separate transactions: 1. Sold a butding costing $38,000, with $23,200 of accumulated depreciation, for $11,200 cash, resulting in a $3,600 loss. 2. Acquired machinery worth $13,200 by issuing $13,200 in notes payable. 3. Issued 1,320 shares of common stock at par for $2 per share 4. Note payables with a cartying value of $41,600 were retired for $50,200cash, resulting in a $8,600 los5. (a) Prepare the reconstructed journal entry (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Prepare the reconstructed journal entry. Journal entry worksheet For each of the following separate transactions 1. Sold a building costing $38,000, with $23,200 of accumulated depreciation, for $11,200 cash, resulting in a $3,600 loss. 2. Acquired machinery worth $13,200 by issuing $13,200 in notes payable. 3. Issued 1,320 shares of common stock at par for $2 per share. 4. Note payables with a carrying value of $41,600 were retired for $50,200cash, resulting in a $8,600 loss. (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows Complete this question by entering your answers in the tabs below. Prepare the reconstructed journal entry. Journal entry worksheet For each of the following separate transactions: 1. Sold a building costing $38,000, with $23,200 of accumulated depreciation, for $11,200 cash, resulting in a $3,600 loss: 2. Acquired machinery worth $13,200 by issuing $13,200 in notes payable. 3. Issued 1,320 shares of common stock at par for $2 per share 4. Note payables with a carrying value of $41,600 were retired for $50,200cash, resulting in a $8,600 loss. (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, If any, on the investing section or financing section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Prepare the reconstructed journal entry. Journal entry worksheet Record payment of cash to retire debt. Woter Enter debis befare rrecits For each of the following separate transactions: 1. Sold a building costing $38,000, with $23,200 of accumulated depreciation, for $11,200 cash, resulting in a $3,600 los5 2. Acquired machinery worth $13,200 by issuing $13,200 in notes payable 3. Issued 1,320 shares of common stock at par for $2 per share. 4. Note payables with a carrying value of $41,600 were retired for $50,200 cash, resulting in a $8,600 loss. (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. (Amounts to be deducted should be indicated by a minus sign.)
