What is the effect of transactions on cash flows

Reference no: EM132787463

Problem 1: What is the 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:

Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000.
Sold 7,000 shares of $15 par common stock for $26 per share.
Sold equipment with a book value of $57,100 for $82,200.
Purchased land for $386,000 cash.
Purchased a building by paying $63,000 cash and issuing a $120,000 mortgage note payable.
Sold a new issue of $150,000 of bonds at 97.
Purchased 4,800 shares of $20 par common stock as treasury stock at $38 per share.
Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.

Reference no: EM132787463

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