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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:
- Retired $280,000 of bonds, on which there was $2,800 of unamortized discount, for $291,000.
- Sold 7,000 shares of $10 par common stock for $21 per share.
- Sold equipment with a book value of $57,500 for $82,800.
- Purchased land for $472,000 cash.
- Purchased a building by paying $48,000 cash and issuing a $110,000 mortgage note payable.
- Sold a new issue of $220,000 of bonds at 98.
- Purchased 2,600 shares of $15 par common stock as treasury stock at $30 per share.
- Paid dividends of $2.20 per share. There were 25,000 shares issued and 4,000 shares of treasury stock.
| | Effect | Amount |
| a. | Cash paymentCash receipt | $fill in the blank 2 |
| b. | Cash paymentCash receipt | $fill in the blank 4 |
| c. | Cash paymentCash receipt | $fill in the blank 6 |
| d. | Cash paymentCash receipt | $fill in the blank 8 |
| e. | Cash paymentCash receipt | $fill in the blank 10 |
| f. | Cash paymentCash receipt | $fill in the blank 12 |
| g. | Cash paymentCash receipt | $fill in the blank 14 |
| h. | Cash paymentCash receipt | $fill in the blank 16 |
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