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Skysong Company uses a worksheet to prepare its statement of cash flows. Accounts receivable decreased by $21.000 and accounts payable increased by $6,000. The
Skysong Company uses a worksheet to prepare its statement of cash flows. Accounts receivable decreased by $21.000 and accounts payable increased by $6,000. The company issued an additional $74,000 in common stock. Prepare the worksheet entries for these three transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) (2) (2) (To record worksheet entry for accounts receivable) (To record worksheet entry for accounts payable) (To record worksheet entry for common stock)
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