Question
a.Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. b.Sold 7,000 shares of $30 par common stock for $48 per
a.Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. b.Sold 7,000 shares of $30 par common stock for $48 per share. c.Sold equipment with a book value of $56,100 for $80,800. d.Purchased land for $549,000 cash. e.Purchased a building by paying $54,000 cash and issuing a $120,000 mortgage note payable. f.Sold a new issue of $210,000 of bonds at 98. g.Purchased 4,400 shares of $40 par common stock as treasury stock at $76 per share. h.Paid dividends of $2.40 per share. There were 31,000 shares issued and 5,000 shares of treasury stock
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