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For the additional information provided below, show all journal entries and classify each transaction in the correct catergory (operating, investing, financing). Please help, I'll vote
For the additional information provided below, show all journal entries and classify each transaction in the correct catergory (operating, investing, financing). Please help, I'll vote
Additional information for 2022: (1.) Sold available-for-sale debt securities costing $69,500 for $74,000. (2.) Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. (3.) Issued 6% bonds payable at face value, $200,000. (4.) Purchased new equipment for $145,000 cash. (5.) Paid cash dividends of $20,000. (6.) Net income was $50,000 Step by Step Solution
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