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It has to say whether its an increase or decrease, as well as for what account (example:office supplies , inventory, etc) The following transactions occurred

It has to say whether its an increase or decrease, as well as for what account (example:"office supplies" , "inventory", etc) image text in transcribed
The following transactions occurred for A New Company Inc. at the end of the year: a. Purchased a new building by paying $55,000 cash and signing a note payable for $210,000. b. Sold furniture that had an original cost of $11,000 for a gain of $600. The beginning accumulated depreciation was $34,500 and the ending accumulated depreciation was $29,000. Depreciation expense for the year was $3,000. c. Purchased new furniture for $12,000 cash. No depreciation has occurred on this furniture. d. Sold old computer equipment for $1,600 cash. e. Dividends of $17,000 were paid in cash Work through your calculations for each transaction and prepare the investing section of the statement of cash flows

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