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The comparative balance sheet for Easlern Travel Services, ino, for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative

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The comparative balance sheet for Easlern Travel Services, ino, for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative belance shoet) The following information is taken from the records of Eastem Trival Services, ing: (C) (Click the icon to view the transaction data.) Eastem Travel Services, inc, uses the indirect mothed for preparing the ataternent of cash flows. Prepare the operating section of the statemert of cash fown for 2017. (Use parentheses or a ininn sign for numbers to be subtrocted or net cash outflow.) Cash used to purchase equipment Decrease in accounts payable Decrease in accounts receivable Decrease in income taxes payable Decrease in interest payable Decrease in inventory Decrease in prepaid insurance Decrease in wages payable Denreciation exnense Balance Sheet Transactions a. Land was sold for $9,600. b. Equipment was purchased for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. Net income for 2017 was $36,000. f. Cash dividends paid during the year were $7,000. The comparative balance sheet for Easlern Travel Services, ino, for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative belance shoet) The following information is taken from the records of Eastem Trival Services, ing: (C) (Click the icon to view the transaction data.) Eastem Travel Services, inc, uses the indirect mothed for preparing the ataternent of cash flows. Prepare the operating section of the statemert of cash fown for 2017. (Use parentheses or a ininn sign for numbers to be subtrocted or net cash outflow.) Cash used to purchase equipment Decrease in accounts payable Decrease in accounts receivable Decrease in income taxes payable Decrease in interest payable Decrease in inventory Decrease in prepaid insurance Decrease in wages payable Denreciation exnense Balance Sheet Transactions a. Land was sold for $9,600. b. Equipment was purchased for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. Net income for 2017 was $36,000. f. Cash dividends paid during the year were $7,000

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