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

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Accounting

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 $280,000 of bonds, on which there was $2,800 of unamortized discount, for $291,000.
  2. Sold 7,000 shares of $10 par common stock for $21 per share.
  3. Sold equipment with a book value of $57,500 for $82,800.
  4. Purchased land for $472,000 cash.
  5. Purchased a building by paying $48,000 cash and issuing a $110,000 mortgage note payable.
  6. Sold a new issue of $220,000 of bonds at 98.
  7. Purchased 2,600 shares of $15 par common stock as treasury stock at $30 per share.
  8. 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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