22 Dec Furst Ltd. had the following transactions.1. Paid
Furst Ltd. had the following transactions.1. Paid salaries of NT$140,000.2. Issued 1,000 shares of NT$10 par value ordinary shares for equipment worthNT$160,000.3. Sold equipment (cost NT$100,000, accumulated depreciation NT$60,000) for NT$30,000.4. Sold land (cost NT$120,000) for NT$160,000.5. Issued another 1,000 shares of NT$10 par ordinary shares for NT$180,000.6. Recorded depreciation of NT$200,000.InstructionsFor each transaction above, (a) prepare the journal entry, and (b) indicate how it would affect the statement of cash flows. Assume the indirect method.
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