16-3 16-02

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 $340,000 of bonds, on which there was $3,400 of unamortized discount, for $354,000.

Sold 12,000 shares of $20 par common stock for $47 per share.

Sold equipment with a book value of $48,400 for $69,700.

Purchased land for $448,000 cash.

Purchased a building by paying $72,000 cash and issuing a $110,000 mortgage note payable.

Sold a new issue of $240,000 of bonds at 97.

Purchased 4,700 shares of $15 par common stock as treasury stock at $29 per share.

Paid dividends of $2.20 per share. There were 18,000 shares issued and 3,000 shares of treasury stock.

	Effect	Amount
a.	Cash payment	$-354,000
b.	Cash receipt	$
c.	Cash receipt	$
d.	Cash payment	$
e.	Cash payment	$
f.	Cash receipt	$
g.	Cash payment	$
h.	Cash payment	$