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just need help with equipment part plz The following financial statements and additional information are reported. Aadional Information a. A $30,000 notes payable is retired
just need help with equipment part plz
The following financial statements and additional information are reported. Aadional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchar b. The only changes affecting retained earnings are net income and cash dividends c. New equipment is acquired for $58,600 cash. d. Received cash for the sale of equipment that had cost $49,600, yielding a $2,100 e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the incon f. All purchases and sales of inventory are on creditStep by Step Solution
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