Additional Information a. A $45,000 note payable is retired at its $45,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $70,000 cash. d. Received cash for the sale of equipment that had cost $58,000, yielding a $3,900gain C. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Journal entry worksheet 4567 Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before credits. Unadjust Unadjust. DELRAY INCORPORATED Statement of Cash Flows (Indirect Method) For Year Ended June 30, 2019 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: \begin{tabular}{|l|l|l|} \hline Income statement items not affecting cash & & \\ \hline & & \\ \hline & & \\ \hline Changes in current operating assets and liabilities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}.

1. Additional Information a. A $45,000 note payable is retired at its $45,000 carrying (book) value
in exchange for cash. b. The only changes affecting retained earnings are net income and cash
dividends paid. c. New equipment is acquired for $70,000 cash. d. Received cash for the sale of
equipment that had cost $58,000, yielding a $3,900gain C. Prepaid Expenses and Wages Payable
relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on
credit.
Journal entry worksheet 4567 Reconstruct the journal entry for cash receipts from customers,
incorporating the change in the related balance sheet account(s), if any. Note: Enter debits before
credits.
Unadjust
Unadjust. DELRAY INCORPORATED Statement of Cash Flows (Indirect Method) For Year
Ended June 30, 2019 Cash flows from operating activities: Adjustments to reconcile net income
to net cash provided by operating activities: begin{tabular}{|l|l|l|} hline Income statement items
not affecting cash & & hline & & hline & & hline Changes in current operating assets
and liabilities & & hline & & hline & & hline & & hline & & hline & & hline &
& hline & & hline & & hline end{tabular}