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Blossom Corporation had the following transactions. 1. Sold land (cost $11,800) for $14,800. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on

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Blossom Corporation had the following transactions. 1. Sold land (cost $11,800) for $14,800. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $16,800. 4. Paid salaries of $8,800. 5. Issued 1,300 shares of $1 par value common stock for equipment worth $10,400. 6. Sold equipment (cost $10,200, accumulated depreciation $7,140 ) for $1,224. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 6. \begin{tabular}{l} \hline Cash \\ \hline Accumulated Depreciation-Equipment \\ \hline Loss on Disposal of Plant Assets \\ \hline Equipment \end{tabular} 1224 7140 1836 10200 For each transaction above, (b) indicate how it would affect the statement of cash flows using the indirect method. (Do not leave any answer field blank. Enter O for amounts. Select "Not Reported" if it is not reported on the statement of cash flows. Select "Not

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