Lucember 31 Current Year sales 10 41 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accumulated Depreciation Equipment Total assets $49,800 65,810 275,656 1,250 392516 157500 (36,625) $513391 $73,500 50,625 251,800 1,875 377,800 108,000 (46,000) $439,800 Llabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities $53,141 10,000 63,141 65,000 128,141 $114,675 6.000 120,675 48,750 169,425 Equity Common stock, $5 par value 162,750 Pald-In-capital in excess of par, cornmon stock 37,500 Retained earnings 185,000 Total liabilities and equity $513,391 150,250 0 120,125 $439,800 Additional information on Current-Year Transactions a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note pa d. Borrowed $4,000 cash by signing a short-term note payable. e. Pald $50,125 cash to reduce the long-term notes payable. f. Issued 2,500 share of common stock for $20 cash per share. 8. Declared and paid cash dividends of $50,100. Fill in the blanks below to complete the statement of cash flows for 2019 using the indire a written description whereas the blanks in the middle and right columns should have a below the question for both written descriptions and numerical amounts. Use your mou Lucember 31 Current Year sales 10 41 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accumulated Depreciation Equipment Total assets $49,800 65,810 275,656 1,250 392516 157500 (36,625) $513391 $73,500 50,625 251,800 1,875 377,800 108,000 (46,000) $439,800 Llabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities $53,141 10,000 63,141 65,000 128,141 $114,675 6.000 120,675 48,750 169,425 Equity Common stock, $5 par value 162,750 Pald-In-capital in excess of par, cornmon stock 37,500 Retained earnings 185,000 Total liabilities and equity $513,391 150,250 0 120,125 $439,800 Additional information on Current-Year Transactions a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note pa d. Borrowed $4,000 cash by signing a short-term note payable. e. Pald $50,125 cash to reduce the long-term notes payable. f. Issued 2,500 share of common stock for $20 cash per share. 8. Declared and paid cash dividends of $50,100. Fill in the blanks below to complete the statement of cash flows for 2019 using the indire a written description whereas the blanks in the middle and right columns should have a below the question for both written descriptions and numerical amounts. Use your mou
