First Corporation had the following transactions. 1. Paid salaries of $14,000. 2. Issued 1,000 shares of...
First Corporation had the following transactions. 1. Paid salaries of $14,000. 2. Issued 1,000 shares of $1 par value common stock for equipment worth $16,000. 3. Sold equipment (cost $10,000, accumulated depreciation $6,000) for $3,000. 4. Sold land (cost $12,000) for $16,000. For each transaction above, prepare the journal entry.
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First Corporation had the following transactions. 1. Paid
salaries of $14,000. 2. Issued 1,000 shares of...
Cushenberry Corporation had the following transactions. 1. Sold land (cost $12,000) for $15,000 2. Issued common...
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.
E 12-3: Cushenberry Corporation had the following transactions. For each transaction, (a) prepare the journal entry,...
E 12-3: Cushenberry Corporation had the following transactions. For each transaction, (a) prepare the journal entry, and (b) indicate how it would affect the statement of cash flows using the indirect method. 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...
Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,400) for $10,500. 2. Issued common...
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...
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...
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 $7.200) for $9,000. 2. Issued common...
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.)...
ment CALCULATO Exercise 17-03 b (Essay) Cushenberry Corporation had the following transactions. 1. Sold land (cost...
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...
Exercise 12-03 Sheridan Corporation had the following transactions. Sold land (cost $11,300) for $14,300. 1. Issued...
Exercise 12-03 Sheridan Corporation had the following transactions. Sold land (cost $11,300) for $14,300. 1. Issued common stock at par for $20,000. 2. Recorded depreciation on buildings for $16,300. 3. Paid salaries of $8,300. 4. Issued 1,200 shares of $1 par value common stock for equipment worth $9,600. 5. Sold equipment (cost $9,200, accumulated depreciation $6,440) for $1,104. 6. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount Transaction Account Titles and...
Exercise 12-03 Oriole Corporation had the following transactions. 1. Sold land (cost $12,200) for $15,200. 2....
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...
CALCULATOR FULL SCREEN PRINTER VE Exercise 17-03 a Cushenberry Corporation had the following transactions. 1. Sold...
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...
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 $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....
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 $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.)...
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...
Exercise 12-03 Sheridan Corporation had the following transactions. Sold land (cost $11,300) for $14,300. 1. Issued common stock at par for $20,000. 2. Recorded depreciation on buildings for $16,300. 3. Paid salaries of $8,300. 4. Issued 1,200 shares of $1 par value common stock for equipment worth $9,600. 5. Sold equipment (cost $9,200, accumulated depreciation $6,440) for $1,104. 6. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount Transaction Account Titles and...
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...
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...
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