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Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and...

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Accounting

  1. 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 $240,000 of bonds, on which there was $2,400 of unamortized discount, for $250,000.
    2. Sold 7,000 shares of $30 par common stock for $73 per share.
    3. Sold equipment with a book value of $60,900 for $87,700.
    4. Purchased land for $519,000 cash.
    5. Purchased a building by paying $50,000 cash and issuing a $100,000 mortgage note payable.
    6. Sold a new issue of $240,000 of bonds at 98.
    7. Purchased 2,800 shares of $35 par common stock as treasury stock at $63 per share.
    8. Paid dividends of $2.30 per share. There were 24,000 shares issued and 4,000 shares of treasury stock.
    Effect Amount
    a. Cash payment $
    b. Cash receipt $
    c. Cash receipt $
    d. Cash payment $
    e. Cash payment $
    f. Cash receipt $
    g. Cash payment $
    h. Cash payment $

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