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  3. 16-3.1 effect of transactions on cash flows state

16-3.1 Effect of Transactions on Cash Flows State the effect (cash receipt or payment and...

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Accounting

16-3.1 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: Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000.

Sold 7,000 shares of $25 par common stock for $59 per share.

Sold equipment with a book value of $49,200 for $70,800.

Purchased land for $464,000 cash.

Purchased a building by paying $88,000 cash and issuing a $100,000 mortgage note payable.

Sold a new issue of $300,000 of bonds at 98.

Purchased 5,400 shares of $20 par common stock as treasury stock at $39 per share.

Paid dividends of $1.70 per share. T

here were 27,000 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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