(Learning Objective 7: Analyzing the statement of cash flows) The statement of cash flows of Picture Perfect Photography reported the following for the year ended December 31, 20X8.
|
Cash flows from financing activities: |
|
|
Dividends [declared and] paid |
$ (8,300) |
|
Proceeds from issuance of common stock at par value…………… |
14,100 |
|
Payments of short term notes payable |
(6,900) |
|
Payments of long term notes payable |
(1,300) |
|
Proceeds from issuance of long term notes payable |
2,100 |
|
Purchases of treasury stock |
(6,300) |
Required
Make the journal entry that Picture Perfect used to record each of these transactions.