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Exercise 17-6 The three accounts shown below appear in the general ledger of Herrick Corp during 2017 Jan. 1 Duly 31 Sept. 2 Nov. 10

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Exercise 17-6 The three accounts shown below appear in the general ledger of Herrick Corp during 2017 Jan. 1 Duly 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold Debit Credit Balance 161,800 232,200 285,500 49,000 236,500 70,400 53,300 Date 70,200 42,200 21,00063,200 Nov. 10 Accumulated depreciation on equipment sold 28,000 Jan. 1 Aug. 23 Dec. 31 Balance Dividends (cash) Net income 104,200 88,900 68,900 157,800 15,300 Cost of From the postings in the accounts, indicate how the equipment constructed is reported in the investing activities section as a decrease in cash of $53,300.) (Show amounts that decrease cash fNow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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