Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31,...
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Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2024: (Click the icon to view the transactions.) Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) a. Issued 1200 shares of $3 par common stock for cash of $21,000. b. Issued 5,000 shares of $3 par common stock for a building with a fair market value of $95,000. c. Purchased new truck with a fair market value of $33,000. Financed it 100% with a long-term note. d. Retired short-term notes of $23,000 by issuing 2,400 shares of $3 par common stock. e. Paid long-term note of $11,500 to Bank of Tallahassee. Issued new long-term note of $26,000 to Bank of Trust
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Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2024: (Click the icon to view the transactions.) Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) a. Issued 1200 shares of $3 par common stock for cash of $21,000. b. Issued 5,000 shares of $3 par common stock for a building with a fair market value of $95,000. c. Purchased new truck with a fair market value of $33,000. Financed it 100% with a long-term note. d. Retired short-term notes of $23,000 by issuing 2,400 shares of $3 par common stock. e. Paid long-term note of $11,500 to Bank of Tallahassee. Issued new long-term note of $26,000 to Bank of Trust 