On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:
|
ACCOUNT Land |
|
|
|
|
ACCOUNT NO. |
|
|
|
|
|
|
|
Balance |
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|
Date |
|
Item |
Debit |
Credit |
Debit |
Credit |
|
2008 |
|
|
|
|
|
|
|
Jan. |
1 |
Balance |
|
|
900,000 |
|
|
Feb. |
5 |
Purchased for cash |
400,000 |
|
1,300,000 |
|
|
Oct. |
30 |
Sold for $365,000 |
|
250,000 |
1,050,000 |
|