Exercise 23 19 The accounts below appear in the ledger of Sweet Company Retained Earnings Dr Cr Bal Jan 1, 2017 Credit Balance $41,800 Aug 15 Dividends (cash) $14,800 27,000 Dec 31 Net Income for 2017 $40,400 67,400 Equipment Dr Cr Bal Jan 1, 2017 Debit Balance $141,300 Aug 3 Purchase of Equipment $61,900 203,200 Sept 10 Cost of Equipment Constructed 47,500 250,700 Nov 15 Equipment Sold $55,800 194,900 Accumulated DepreciationEquipment Dr Cr Bal Jan 1, 2017 Credit Balance $83,400 Apr 8 Major Repairs $21,200 62,200 Nov 15 Accum Depreciation on Equipment Sold 25,100 37,100 Dec 31 Depreciation for 2017 $16,600 53,700 Prepare entries in journal form for all adjustments that should be made on a worksheet for a statement of cash flows The loss on sale of equipment (November 15) was $5,900 (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No entry for the account titles and enter 0 for the amounts )

Question

Exercise 23 19 The accounts below appear in the ledger of Sweet Company  Retained Earnings Dr  Cr  Bal  Jan  1, 2017 Credit Balance $41,800 Aug  15 Dividends (cash) $14,800 27,000 Dec  31 Net Income for 2017 $40,400 67,400 Equipment Dr  Cr  Bal  Jan  1, 2017 Debit Balance $141,300 Aug  3 Purchase of Equipment $61,900 203,200 Sept  10 Cost of Equipment Constructed 47,500 250,700 Nov  15 Equipment Sold $55,800 194,900 Accumulated DepreciationEquipment Dr  Cr  Bal  Jan  1, 2017 Credit Balance $83,400 Apr  8 Major Repairs $21,200 62,200 Nov  15 Accum  Depreciation on Equipment Sold 25,100 37,100 Dec  31 Depreciation for 2017 $16,600 53,700 Prepare entries in journal form for all adjustments that should be made on a worksheet for a statement of cash flows  The loss on sale of equipment (November 15) was $5,900  (Credit account titles are automatically indented when amount is entered  Do not indent manually  If no entry is required, select  No entry  for the account titles and enter 0 for the amounts )

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Exercise 23-19 The accounts below appear in the ledger of Sweet Company. Retained Earnings Dr. Cr. Bal. Jan. 1, 2017 Credit Balance $41,800 Aug. 15

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	Retained Earnings	Dr.	Cr.	Bal.
Jan. 1, 2017	Credit Balance			$41,800
Aug. 15	Dividends (cash)	$14,800		27,000
Dec. 31	Net Income for 2017		$40,400	67,400

	Equipment	Dr.	Cr.	Bal.
Jan. 1, 2017	Debit Balance			$141,300
Aug. 3	Purchase of Equipment	$61,900		203,200
Sept. 10	Cost of Equipment Constructed	47,500		250,700
Nov. 15	Equipment Sold		$55,800	194,900

	Accumulated DepreciationEquipment	Dr.	Cr.	Bal.
Jan. 1, 2017	Credit Balance			$83,400
Apr. 8	Major Repairs	$21,200		62,200
Nov. 15	Accum. Depreciation on Equipment Sold	25,100		37,100
Dec. 31	Depreciation for 2017		$16,600	53,700