Effect of Transactions on Cash flows State the effect (cash receipt or payment and amount) of ea… 1 answer below »

 
   

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Effect of Transactions on Cash flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individual Sold equipment with a book value of $55, 100 for $79, 300. Sold a new issue of $250,000 of bonds at 97. Retired $300,000 of bonds, on which then was $3,000 of unamortized discount, for $312,000. Purchased 3, 800 shares of $40 par common stock as treasury stock at $78 per share. Sold 12,000 shares of $25 par common stock for $61 per share. Paid dividends of $1.7 per share. There were 18,000 shares issued and 3,000 shares of treasury stock. Purchased land for $446,000 cash. Purchased a building by paying $69,000 cash and issuing a $100,000 mortgage note payable.