Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows (Q.5)

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

Jan.

1

Balance

317,100

Feb.

10

Purchased for cash

469,300

786,400

Nov.

20

Purchased with long-term mortgage note

637,000

1,423,400

Item	Section of Statement of Cash Flows	Added or Deducted	Amount
Purchase of land for cash			$
Purchase of land by issuing long-term mortgage note			$