BOOK 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: a. Retired $240,000 of bonds, on which there was $2,400 of unamortized discount, for $250,000 b. Sold 12,000 shares of $25 par common stock for $45 per share. c. Sold equipment with a book value of $45,500 for $65,500. d. Purchased land for $308,000 cash. e. Purchased a building by paying $46,000 cash and issuing a $90,000 mortgage note payable. f. Sold a new issue of $200,000 of bonds at 98. 9. Purchased 5,600 shares of $20 par common stock as treasury stock at $36 per share. h. Pald dividends of $2.00 per share. There were 32,000 shares issued and 5,000 shares of treasury stock Effect Amount Cash payment $250,000 Cash receipt 76,800 x Cash receipt 71,100 X d. Cash payment 314,000 X Cash payment 45,000 x . Cash receipt 156,800 X a. b. C. e. 9 Cash payment 296,800 x h. Cash payment 48,000 X Check My Work 3 more Check My Work uses remaining. revious Next