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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:
a. Retired $250,000 of bonds, on which there was $2,500 of unamortized discount, for $260,000.
b. Sold 7,000 shares of $20 par common stock for $36 per share.
c. Sold equipment with a book value of $54,400 for $78,300.
d. Purchased land for $454,000 cash.
e. Purchased a building by paying $95,000 cash and issuing a $120,000 mortgage note payable.
f. Sold a new issue of $150,000 of bonds at 99.
g. Purchased 2,400 shares of $15 par common stock as treasury stock at $30 per share.
h. Paid dividends of $2.50 per share. There were 24,000 shares issued and 4,000 shares of treasury stock.
a.
b.
c.
d.
e.
f.
g.
h.
Effect
Amount
