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Carla Vista Corporation had the following transactions. 1. Sold land [cost$11,500] for $14,500. 2. Issued comman stock at par for $20,000. 3. Recorded depreciation on
Carla Vista Corporation had the following transactions. 1. Sold land [cost$11,500] for $14,500. 2. Issued comman stock at par for $20,000. 3. Recorded depreciation on buildings for $16,500 4. Paid salaries of $9,500. 5. Issued 1,400 shares of $1 par value common stock for equipment worth $11,200. 6. Sold equipment lcost $9,600, accumulated depreciation $6,720 far $1,152. (a) Your answer is correct. (a) For each transaction above, prepare the journal entry. (Credit account tities are automotically indented when amount is entered. Do not indent manualiy.) Attempts: 2 of 3 used (b) Far each transactian abave, (b) indicate how it would affect the statement of cash flows using the indirect methad. (Do not leove amy answer fieid blank. Enter O for amounts. Select "Not Reported" if it is not reported on the statement of cash flows. Select "Not Applicable" if it does not belong to any section.)
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