The discussion for this week and covering the entire chapter;

1) During 2014, Simms Company redeemed $2,000,000 of bonds payable for $1,880,000 cash. Indicate how this transaction would be reported on a statement of cash flows, if at all.

2) At Janaury 1, 2014, Eikenberry Inc. had accounts receivable of $72,000. At December 31.2014, accounts receivable is $54,000. Sales revenue for 2014 total $420,000. Compute Eikenberry's 2014 cash receipts.

3) Indicate in general journal form how the 4 items below would be entered in a worksheet for the preparation of the statement of cash flows;

a. Net income is $317,000 b. Cash dividends declared and paid totaled $120,000 c. Equipment was purchased for $114,000

d. Equipment that originally cost $40,000 and had accumulated depreciation of $32,000 was sold for $10,000.