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its 3 different parts for one question. Please help me answer it please Use the following financial statements and additional information. Aaditional information a. A
its 3 different parts for one question. Please help me answer it please
Use the following financial statements and additional information. Aaditional information a. A $35,000 note payable is retired at its $35,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid c. New equipment is acquired for $72,000 cash. d. Received cash for the sale of equipment that had cost $59,000, yielding a $4,300 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Journal entry worksheet 567813 Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any. Note; Enter debits before credits. Journal entry worksheet Step by Step Solution
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