1.New plant assets costing $200,000 were purchased for cash during the year.2.Old plant assets having an original cost of $115,000 and accumulated...
1.New plant assets costing $200,000 were purchased for cash during the year.2.Old plant assets having an original cost of $115,000 and accumulated depreciation of $97,000 were sold for $3,000 cash.3.Bonds payable matured and were paid off at face value for cash.4.A cash dividend of $52,060 was declared and paid during the year.
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