Reporting Land Acquisition for Cash and Mortgage Note on A summary of the cash receipts and cash payments for a specific period of time, such as a month or a year.Statement of Cash Flows

On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:

ACCOUNT Land

ACCOUNT NO.

Balance

Date

Item

Debit

Credit

Debit

Credit

2016

Jan.

1

Balance

311,100

Feb.

10

Purchased for cash

507,100

818,200

Nov.

20

Purchased with long-term mortgage note

662,700

1,480,900

Item

Purchase of land for cash $

Purchase of land by issuing long-term mortgage note $