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if the accounts are wrong in pic 3 feel free to correct it Carla Vista Corp, is a private company reporting under ASPE. The following
if the accounts are wrong in pic 3 feel free to correct it
Carla Vista Corp, is a private company reporting under ASPE. The following selected accounts are from the general ledger for the year ended December 31, 2021 Jan. 1 July 31 Dec. 31 Equipment 91.000 22.750 Nov 10 97,650 16,100 Accumulated Depreciation--Equipment Jan. 1 40.950 Nov. 10 13,300 Dec. 31 11.550 Dec 31 39,200 Retained Earnings Jan. 1 2.800 Dec 31 Aug. 23 45,500 29,400 72.100 Dec. 31 Additional information: July 31 Equipment was purchased for cash Aug. 23 A cash dividend was paid Nov. 10 A loss of $1,050 was incurred on the sale of equipment. Dec. 31 Depreciation expense was recorded for the year Dec. 31 Closing entries were recorded From the postings in the above accounts and additional information provided indicate what information would be reported in the investing and/or financing activities sections of the cash flow statement. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis eg (15.000) CARLA VISTA CORP. Cash Flow Statement (Partial) Year Ended December 31, 2021 Net Cash Used by Investing Activities Sale of Equipment $ Purchase of Equipment Net Cash Provided by Financing Activities $ Net Canh Used by Financing Activities Payment of Cash Dividends Net Cash Provided by Financing ActivitiesStep by Step Solution
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