Partial Balance Sheets for Yarborough Company and Additional Information Are
Question 163
Question 163
Essay
Partial balance sheets for Yarborough Company and additional information are found below. Yarborough Company Partial Balance Sheets as of December 31 Assets Equipment Accumulated depreciation Shareholders’ equity Common stock, $5 par Paid-in capital-excess of par Retained earnings 2018$100,000(25,000)$150,00020,00040,0002017$75,000(20,000)$100,000030,000 Additional information for 2018 : Tuly 1: July 1: Dec. 31 Issued 10,000 shares of common stock for cash. Purchased new equipment for cash. Paid cash dividends of $30,000 Required: Prepare the investing activities section of the statement of cash flows for 2018.
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