Exercise 12-03 Sheridan Corporation had the following transactions. Sold land (cost $11,300) for $14,300. 1. Issued...
Exercise 12-03 Oriole Corporation had the following transactions. 1. Sold land (cost $12,200) for $15,200. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $17,200. 4. Paid salaries of $9,200. 5. Issued 800 shares of $1 par value common stock for equipment worth $6,400. 6. Sold equipment (cost $11,000, accumulated depreciation $7,700) for $1,320. Transaction Account Titles and Explanation Debit Credit For each transaction above, (b) indicate how it would affect the statement of cash...
Exercise 12-03 Cullumber Corporation had the following transactions. 1. Sold land (cost $13,100) for $16,100. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $18,100. 4. Paid salaries of $10,100. 5. Issued 1,200 shares of $1 par value common stock for equipment worth $9,600. 6. Sold equipment (cost $12,800, accumulated depreciation $8,960) for $1,536. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not...
Cushenberry Corporation had the following transactions. 1. Sold land (cost $7.200) for $9,000. 2. Issued common stock at par for $22,900. 3. Recorded depreciation on buildngs for $16,600. 4. Paid salaries of $7,000 S. Issued 1,100 shares of $1 par value common stock for equipment worth $9,200 6. Sold equipment (cost $14,400, accumulated depredation $10,080) for $1,728 (a) For each transaction above, prepare the journall entry. (Credit account titles are automatically indented when amount is entered. Do not indent manualy.)...
Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,400) for $10,500. 2. Issued common stock at par for $23,300. 3. Recorded depreciation on buildings for $16,900. 4. Paid salaries of $7,800. 5. Issued 1,400 shares of $1 par value common stock for equipment worth $8,800 6. Sold equipment (cost $12,300, accumulated depreciation $8,610) for $1,476. (a) For each transaction above, prepare the journal entry. (Credit account titles are aut No. Account Titles and Explanation Debit Credit 1. 2....
Cushenberry Corporation had the following transactions. 1. Sold land (cost $7,760) for $9,700. 2. Issued common stock at par for $22,100. 3. Recorded depreciation on buildings for $12,500. 4. Paid salaries of $6,600. 5. Issued 1,500 shares of $1 par value common stock for equipment worth $8,200. 6. Sold equipment (cost $12,900, accumulated depreciation $9,030) for $1,548. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)...
Exercise 17-03 b (Essay) Cushenberry Corporation had the following transactions. 1. Sold land (cost $12,000) for $15,000. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $17,000. 4. Paid salaries of $9,000. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. 6. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200. (b) For each transaction above indicate how it would affect the statement of cash flows using the indirect method....
Cushenberry Corporation had the following transactions. 1. Sold land (cost $12,000) for $15,000 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $17,000. 4. Paid salaries of $9,000 5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000 6. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200. (b) For each transaction above indicate how it would affect the statement of cash flows using the indirect method.
ment CALCULATO Exercise 17-03 b (Essay) Cushenberry Corporation had the following transactions. 1. Sold land (cost $12,000) for $15,000. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $17,000. 4. Paid salaries of $9,000. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. 6. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200. (b) For each transaction above indicate how it would affect the statement of cash flows using the...
CALCULATOR FULL SCREEN PRINTER VE Exercise 17-03 a Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,000) for $10,000. 2. Issued common stock at par for $20,800. 3. Recorded depreciation on buildings for $12,200. 4. Paid salaries of $7,300. 5. Issued 1,400 shares of $1 par value common stock for equipment worth $9,100. 6. Sold equipment (cost $11,800, accumulated depreciation $8,260) for $1,416. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented...
Question 9 The following is a list of accounts, in alphabetical order, for Sheridan, Inc. at July 31, 2018: Accounts payable Accounts receivable Accumulated depreciation-equipment Bank loan payable, due 2020 Cash Common shares Depreciation expense Dividends declared Equipment Held for trading investments $9,800 14,300 21,300 38,300 Prepaid insurancee 13,500 Rent expense 38,000 $3,000 1,800 3,700 100 8,700 10,200 20,300 24,700 800 77,900 Income tax expense Insurance expense Interest expense Repairs and maintenance expense 9,500 Retained earnings 800 Salaries expense 98,100...