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Make the journal entry Exercise 16-9 Cash flows from financing activities Use the following information to determine cash flows from financing activities. a. Net income

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Make the journal entry

Exercise 16-9 Cash flows from financing activities Use the following information to determine cash flows from financing activities. a. Net income was $35,000. b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 wetucity value. e. Paid $12,000 cash to acquire its treasury stock. f. Purchased equipment for $39,000 cash

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