1. 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 $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.
2. Sold 7,000 shares of $10 par common stock for $20 per share.
3. Sold equipment with a book value of $66,300 for $95,500.
4. Purchased land for $413,000 cash.
5. Purchased a building by paying $70,000 cash and issuing a $120,000 mortgage note payable.
6. Sold a new issue of $300,000 of bonds at 97.
7. Purchased 5,300 shares of $35 par common stock as treasury stock at $69 per share.
8. Paid dividends of $2.50 per share. There were 33,000 shares issued and 5,000 shares of treasury stock.

	Effect	Amount
a.
b.
c.
d.
e.
f.
g.
h.