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The following information is available from the land account: Line Item Description Amount Opening balance $270,000 Sold for $210,000 cash 180,000 credit entry Purchased for
The following information is available from the land account:
Line Item Description | Amount |
---|---|
Opening balance | $270,000 |
Sold for $210,000 cash | 180,000 credit entry |
Purchased for $100,000 cash and $30,000 note payable | 130,000 debit entry |
Ending balance | 220,000 |
Items in the investing activities section of the statement of cash flows should include
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