will give thumbs up Additional Information a. A $30,000 notes payable is retred at...
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Additional Information a. A $30,000 notes payable is retred at its $30.000 carrying (baok) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $76.600 cash. d. Received cash for the sale of equipment that had cost $67600. yielding a $3.900 gain e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement f. All purchases and sales of inventory are on credit. For Year Ended June 30, 2021 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities
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