Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount)...
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Accounting
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. b. Sold 12,000 shares of $15 par common stock for $24 per share. c. Sold equipment with a book value of $44,400 for $63,900. d. Purchased land for $486,000 cash. e. Purchased a building by paying $81,000 cash and issuing $100,000 mortgage note payable. f. Sold a new issue of $170,000 of bonds at 97. g. Purchased 6,400 shares of $20 par common stock as treasury stock at $38 per share. h. Paid dividends of $1.80 per share. There were 24,000 shares issued and 4,000 shares of treasury stock. Effect Amount Cash payment 343,000 b. Cash receipt 288,000 C. Cash receipt $ 63,900 d. Cash payment $ 486,000 e. Cash payment 81,000 f. Cash receipt $ g. Cash payment 243,200 h. Cash payment $ 36,000
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