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The following transactions occurred for A New Company Inc. at the end of the year: Purchased a new building by paying $55,000 cash and signing
The following transactions occurred for A New Company Inc. at the end of the year: Purchased a new building by paying $55,000 cash and signing a note payable for $210,000. Sold furniture that had an original cost of $13,000 for a gain of $700. The book value of the furniture at the time of the sale was $5000. Purchased new furniture for $12,000 cash. Sold old computer equipment for $1,500 cash. Dividends of $19,000 were paid in cash Work through your calculations for each transaction and prepare the investing section of the statement of cash flows
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