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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:

Retired $400,000 of bonds, on which there was $3,000 of unamortized discount, for $411,000.

Sold 20,000 shares of $5 par common stock for $22 per share.

Sold equipment with a book value of $55,800 for $60,000.

Purchased land for $650,000 cash.

Purchased a building by paying $50,000 cash and issuing a $450,000 mortgage note payable.

Sold a new issue of $500,000 of bonds at 98.

Purchased 10,000 shares of $40 par common stock as treasury stock at $50 per share.

Paid dividends of $1.50 per share. There were 1,000,000 shares issued and 120,000 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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