Question
complete the schedule of non-cash investment and financial activities Data: Acquisition of Land by issuing long term notes payable - $114,000 Issuance of Note to
complete the schedule of non-cash investment and financial activities
Data: Acquisition of Land by issuing long term notes payable - $114,000
Issuance of Note to borrow cash -- $64,000
Non-Cash investing and financing activities:
Acquisition of Land by Issuing Long Term Notes Payable --- $114,000
Cash Receipt for Issuance of Notes Payable - $64,000
NOTE: This transaction is at the bottom of the "Statement of Cash Flows."
I need the solution for "Total non-cash investing, and financing activities."
Example of the problem:
Non-Cash investing and financing activities:
Select two labels below
_____________________________________ ____________ Acquisition of Land by Issuing Long Term Notes Payable --- $114,000 (I selected)
_____________________________________ ____________ Not sure what to place here? Cash Receipt for Issuance of Notes Payable - $64,000 (Is this correct?)
Total non-cash investing, and financing activities ____________ Not sure what to place here?
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