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Equipment/ date- jan1 balance debit credit balance 160,000/july 31 purchase of equipment debit 70,000 credit balance 230,000/ sept 2 cost of equipment construct debit 53,000
Equipment/ date- jan1 balance debit credit balance 160,000/july 31 purchase of equipment debit 70,000 credit balance 230,000/ sept 2 cost of equipment construct debit 53,000 credit balance 283,000/ nov 10 cost of equipment debit credit 49,000 balance 234,000 Accumlated Deprecation- Equipment- date jan 1 balance debit credit balance 71,000/nov 10 accumulated depreciation on equipment sold debit 28,000 credit- balance 43,000/dec 31 Depreciation for the yr debit credit 23,000 balance 66,000/ Retained earning date jan 1 balance debit credit balance 105,000/aug 23 Dividend cash debit 17,000 credit 88,000/ dec 31 net income debit credit 67,000 balance 155,000 From the posting in the account i need to indicate how the information is reported on a statement of cash flow using the indirect method. the loss on disposal of plant asset was 5,000/ i need to set up a account title debit side and credit side. i also need to set up Chaudry inc partial statement of cash flow for the yr ending 12/31/2014/ can u pleae show me how to set it up show me solution to this question and transcationplease also i need to adjust to reconcile net income i need your help
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