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need help please. (try to avoid cutting off the picture of answers pls!) Equipment Date Debit Credit Balance Jan. 1 Balance 159,200 July 31 Purchase
need help please. (try to avoid cutting off the picture of answers pls!)
Equipment Date Debit Credit Balance Jan. 1 Balance 159,200 July 31 Purchase of equipment 70,900 230,100 Sept. 2 Purchase of equipment 51,400 281,500 Nov. 10 Cost of equipment sold 49.900 231,600 Accumulated Depreciation-Equipment Debit Date Credit Balance Jan. 1 Balance 71.100 Nov. 10 14,200 56.900 Accumulated depreciation on equipment sold Depreciation for year Dec. 31 22,400 79,300 Retained Earnings Retained Earnings Date Debit Credit Balance Jan. 1 Balance Aug. 23 17.400 Dividends (cash dividends declared and paid) Net income 105.400 88,000 153,600 Dec 31 65,600 From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method The loss on disposal of plant assets was $8,700 (Show amounts that decrease cash flow with either o - signes -15,000 or in parenthesis es. (15,000).) BRAMBLE CORP Partial Statement of Cash Flows For the Year Ended December 31, 2022 BRAMBLE CORP Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 65600 Adjustments to reconcile net income to Net Cash Provided by Operating Activities: Depreciation Expense 22400 Loss on Disposal of Plant Assets Cash Flows from Investing Activities Cash Flows from Investing Activities Cash Flows from Investing Activities Purchase of Equipment Construction of Equipment Net Cash Provided by Investing Activities : Cash Flows from Financing Activities Payment of Cash Dividends Net Cash Provided by Financing Activities Step by Step Solution
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