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please before 06 decembre!! Wildhorse Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30, 2021: 2021 2020
please before 06 decembre!!
Wildhorse Homes Ltd., a private company reporting under ASPE, reported the following for the year ended September 30, 2021: 2021 2020 Land $105,000 $70,000 122,500 122,500 48,650 43.750 22,750 19,250 Building Equipment Accumulated depreciation Dividends payable Mortgage note payable Common shares Retained earnings 3,500 7,000 38,500 17,500 88.750 59,000 77.000 28,000 Depreciation expense 5,250 Gain on equipment sold 700 Profit 73,500 Additional information: 1 2. Equipment was purchased for $7,000. Land was purchased for $12,250 cash and a mortgage note payable was issued for the balance. Common shares were issued for $29.750 cash. 3 Prepare the investing and financing activities sections of the cash flow statement and any required note disclosure. (Hint: Use T accounts to help you calculate the cash flows.) (Show amounts that decrease cash flow with either a - signes -15,000 or in parenthesis eg. (15,0001) WILDHORSE HOMES LTD. Cash Flow Statement (Partial) WILDHORSE HOMES LTD. Cash Flow Statement (Partial) $ > $ Note X: Land costing $ was acquired by paying $ cash and issuing a mortgage note payable for $ Step by Step Solution
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