For each of the following separate transactions: 1. Sold a bulding costing $36,000, with $22,400 of accumulated depreciation, for $10,400 cash, resulting in a $3,200 loss. 2. Acquired machinery worth $12,400 by issuing $12,400 in notes payable. 3. Issued 1,240 shares of common stock at par for $2 per share. 4. Long-term notes payable with a carrying value of $41,200 were retired for $49,400 cash, resulting in a $8,200 loss: (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Prepare the reconstructed joumal entry. Journal entry worksheet 2. Record sale of building. Note Enter debits before credits. 1. Sold a building costing $36,000, with $22,400 of accumulated depreciation, for $10,400 cash, resulting in a $3,200 loss. 2. Acquired machinery worth $12,400 by issuing $12,400 in notes payable. 3. Issued 1,240 shares of common stock at par for $2 per share. 4. Long-term notes payable with a carrying value of $41,200 were retired for $49,400 cash, resulting in a $8,200 loss. (a) Prepare the reconstructed journal entry. (b) Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Identify the effect it has, if any, on the investing section or financing section of the statement of cash flows. (Amounts to be deducted should be indicated by a minus sign.) 2. Acquired machiney worth $12,400 by issaing $12,400 in adces payole 3. Is sued 1,240 ahores of common stock at par for 52 por share. 4. Long berm notes payable with a carrying value of $41,200 were fetiod for $49,400 cash, resulif (a) Piepare the reconstructed joumal entry. (b) ldeetify the effect t has, If any, on the investing section or fonancing secrion of the statement of: Complete this quewtion by eatering vour answers in the tabs below. Prepare the reconstrictea joumal entry. Journal entry worksheet Becord acouinition of machinery (a) Prepare the reconstructed journal entry: (b) Ifentify the effect it has, i any, on the investing sectian or financing section of the statem Complete this question by entering your answers in the tabs below. Prepare the reconstrvcted joumal entry. Journal entry worksheet Record the issuance of commen stock for cash. Moot Enner dehzs betere cred th 1. Sold a bulding costing $36,000, with $22,400 of accumulated depreclation, 2. Acquired mochinery worth $12,400 by issuing $12,400 in notes poyable. 3. seved t,240 shares of common stock at por for $2 per share, 4. Long-1erm notes poyable with a corrying volue of $41,200 were retired for $49,400 cash, res (e) Prepare the reconstructed journal entry. (b) Identify the eftect it has, if am, on the investing soction or financing section of the statemen Complete this question by enteriag your answers in the tabs below. Frepare the reconstructed journal entry, Journal entry worksheet
