Create a Cash flow using the indirect method on a excel form Prepare...
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Create a Cash flow using the indirect method on a excel form
Prepare journal entry and determine effect on cash flows. E17.3 (LO 1), AP 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. Instructions For each transaction above, (a) prepare the journal entry, and (b) indicate how it would affect the statement of cash flows using the indirect method
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