Question 3 of 6 -/1 View Policies Current Attempt in Progress A The following transactions occurred for Dussault Ltd. 1 Annual interest of 6% is paid on $494,000 of bonds payable that were issued tast year. 2. A truck was purchased tor $42.000 at the beginning of this year. The truck is being deprecated over five years at a rate of A $8,400 per year. 30 3. Old equipment is sold for $44,000. The asset originally cost $163.000 and has accumulated depreciation of $131,000. 4. New equipment is purchased for $199.000. A cash payment of 549.750 ks made and a long term note payable for $149,250 is Issued for the remainder. 5. A deposit of $1.200 is received in advance from a customer for goods to be delivered at a later date & Income tax expense for the year is $87.000;566,000 of this amount was paid during the year, and the remainder will be paid Qu next year Qu Acco For each of the above items: Identify the accounts affected and give the amounts by which they would be increased or decreased. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles anc enter for the amounts.) Debit Credit No. Account Titles and Explanation 1. . 2a. (To record purchase of truck) 2b . (To record depreciation expense) TI 3. 4. 5. 6. List of Accounts State the amount of any cash flow and whether cash is increased or decreased Question 3 Of 6 State the amount of any cash flow and whether cash is increased or decreased. Transaction Increases/Decreases Amounts 1. 2a. $ 2b. $ 3. v $ 4. . 5. 6. I List of Accounts Identify how each item would be reported in Dussault's statement of cash flows. Transaction Activity 2a 26 Identify how each item would be reported in Dussault's statement of cash flows, Transaction Activity 1. 2a. 2b. > 3. 4. 5. 6. List of Accounts