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Preparing Entries for an Accounting Worksheet Indicate the entries that would be included on an accounting worksheet for each of the following items. a. Depreciation expense of $25,805. b. Increase in prepaid expenses of $4,000. c. Purchase of equipment of $160,000. d. Dividend payment, $19,200.

Preparing Entries for an Accounting Worksheet Indicate the entries that would be included on an accounting worksheet for each of the following items. a. Depreciation expense of $25,805. b. Increase in prepaid expenses of $4,000. c. Purchase of equipment of $160,000. d. Dividend payment, $19,200.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.2.1MBA
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Preparing Entries for an Accounting Worksheet Indicate the entries that would be included on an accounting worksheet for each of the following items. a. Depreciation expense of $25,805. b. Increase in prepaid expenses of $4,000. c. Purchase of equipment of $160,000. d. Dividend payment, $19,200. Cash Flow Worksheet Entries Depreciation Expense-Operating section Accumulated Depreciation Increase in Prepaid Expenses Operating section Cash Purchase of Equipment-Investing section Cash Dividends Paid-Financing section Cash ◆ ◆ ◆ ◆ ◆ + ✔✓ X x x X X Dr. 25,805 ✔ 0 4,000 0 160,000 ✓ 0 19,200 ✓ 0✔ Cr. 0✔ 25,805 ✔ 0✔ 4.000 ✓ 0✓ 160,000 ✓ 0✔ 19,200✔
Transcribed Image Text:Preparing Entries for an Accounting Worksheet Indicate the entries that would be included on an accounting worksheet for each of the following items. a. Depreciation expense of $25,805. b. Increase in prepaid expenses of $4,000. c. Purchase of equipment of $160,000. d. Dividend payment, $19,200. Cash Flow Worksheet Entries Depreciation Expense-Operating section Accumulated Depreciation Increase in Prepaid Expenses Operating section Cash Purchase of Equipment-Investing section Cash Dividends Paid-Financing section Cash ◆ ◆ ◆ ◆ ◆ + ✔✓ X x x X X Dr. 25,805 ✔ 0 4,000 0 160,000 ✓ 0 19,200 ✓ 0✔ Cr. 0✔ 25,805 ✔ 0✔ 4.000 ✓ 0✓ 160,000 ✓ 0✔ 19,200✔
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