req a1-a3
and
req b1-b3
On January 1, Year 1, Prairie Enterprises purchased a parcel of land for $14,200 cash. At the time of purchase, the company planned to use the land for a warehouse site. In Year 3, Prairie Enterprises changed its plans and sold the land. Required a. Assume that the land was sold for $15,762 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? b. Assume that the land was sold for $13,348 in Year 3 . (1) Show the effect of the sale on the accounting equation (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the fand was sold for $15,762 in Year 3. Show the effect of the sale on the accounting equation. Note: Enter any decreases to account balances with a minus sign. On January 1, Year 1, Prairie Enterprises purchased a parcel of land for $14,200 cash. At the time of purchase, the company planned to use the land for a warehouse site. In Year 3 . Prairle Enterprises changed its plans and sold the land Required 0. Assume that the land was sold for $15,762 in Year 3. (1) Show the effect of the sale on the accounting equation (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Praine report on the Year 3 statement of cash flows related to the sale of the land? b. Assume that the land was sold for $13,348 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Pratrie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the land was sold for 515,762 in Year 3. What amount would prairie report on the Yoar Jincome statement reiated to the sale of the land? What amount would preire repoit on the Year 3 statement of cash flows related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land: b. Assume that the land was sold for $13,348 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 micome statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the land was sold for $13,348 in Year 3 . Show the effect of the sale on the accounting equation. Note: Enter any decreases to account balances with a minus sign. (3) What amount would Prairie report on the Year 3 statement of cash llows related to the sale of the land? b. Assume that the land was sold for $13,348 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 thcome statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the land was sold for $13,348 in Year 3. What amount would Prairie report on the Year 3 income statement related to the sale of the land? What amount would Prairie report on the Year 3 statement of cash flows related to the sale. of the land? On January 1, Year 1, Prairie Enterprises purchased a parcel of land for $14,200 cash. At the time of purchase, the company planned to use the land for a warehouse site. In Year 3, Prairie Enterprises changed its plans and sold the land. Required a. Assume that the land was sold for $15,762 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? b. Assume that the land was sold for $13,348 in Year 3 . (1) Show the effect of the sale on the accounting equation (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the fand was sold for $15,762 in Year 3. Show the effect of the sale on the accounting equation. Note: Enter any decreases to account balances with a minus sign. On January 1, Year 1, Prairie Enterprises purchased a parcel of land for $14,200 cash. At the time of purchase, the company planned to use the land for a warehouse site. In Year 3 . Prairle Enterprises changed its plans and sold the land Required 0. Assume that the land was sold for $15,762 in Year 3. (1) Show the effect of the sale on the accounting equation (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Praine report on the Year 3 statement of cash flows related to the sale of the land? b. Assume that the land was sold for $13,348 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 income statement related to the sale of the land? (3) What amount would Pratrie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the land was sold for 515,762 in Year 3. What amount would prairie report on the Yoar Jincome statement reiated to the sale of the land? What amount would preire repoit on the Year 3 statement of cash flows related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land: b. Assume that the land was sold for $13,348 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 micome statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the land was sold for $13,348 in Year 3 . Show the effect of the sale on the accounting equation. Note: Enter any decreases to account balances with a minus sign. (3) What amount would Prairie report on the Year 3 statement of cash llows related to the sale of the land? b. Assume that the land was sold for $13,348 in Year 3. (1) Show the effect of the sale on the accounting equation. (2) What amount would Prairie report on the Year 3 thcome statement related to the sale of the land? (3) What amount would Prairie report on the Year 3 statement of cash flows related to the sale of the land? Complete this question by entering your answers in the tabs below. Assume that the land was sold for $13,348 in Year 3. What amount would Prairie report on the Year 3 income statement related to the sale of the land? What amount would Prairie report on the Year 3 statement of cash flows related to the sale. of the land
