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The three accounts shown below appear in the general ledger of Wildhorse Corp. during 2024. Date Jan. 1 Balance July 311 Purchase of equipment
The three accounts shown below appear in the general ledger of Wildhorse Corp. during 2024. Date Jan. 1 Balance July 311 Purchase of equipment Nov. 10 Cost of equipment soldi Equipment Debit Credit Balance 144,000 63,000 207,000 44.100 162,900 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 63,900 Nov. 10 Accumulated depreciation on equipment sold 27,000 36.900 Dec. 31 Depreciation for year 25,200 62,100 Datel Retained Earnings Debit Credit Balance Su Date Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Profit for the year Retained Earnings Debit Credit Balance 94,500 12,600 81,900 69,300 151,200 From the postings in the account, indicate how the information is reported on a cash flow statement using the indirect method. The loss on disposal of equipment was $6.300 and the cash dividends were paid. (Show amounts that decrease cash flow with either a signes 15,000 or in parenthesis ea (15,000)) WILDHORSE CORP Cash Flow Statement (Partial) - Indirect Method Adjustments to reconcile net income to SUPPOR Adjustments to reconcile net income to Textbook and Media SUPPORT
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