Reference no: EM132810635
Question - Effect of Transactions on Cash Flows
State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
1. Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000.
2. Sold 7,000 shares of $15 par common stock for $26 per share.
3. Sold equipment with a book value of $57,100 for $82,200.
4. Purchased land for $386,000 cash.
5. Purchased a building by paying $63,000 cash and issuing a $120,000 mortgage note payable.
6. Sold a new issue of $150,000 of bonds at 97.
7. Purchased 4,800 shares of $20 par common stock as treasury stock at $38 per share.
8. Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.