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Dristell Incorporated had the following activities during the year ( all transactions are for cash unless stated otherwise ) : a . A building with
Dristell Incorporated had the following activities during the year all transactions are for cash unless stated otherwise:
a A building with a book value of $ was sold for $
b Additional common stock was issued for $
c Dristell purchased its own common stock as treasury stock at a cost of $
d Land was acquired by issuing a year, $ note payable to the seller.
e A dividend of $ was paid to shareholders.
f An investment in Fleet Corporations common stock was made for $
g New equipment was purchased for $
h A $ note payable issued three years ago was paid in full.
i A loan for $ was made to one of Dristells suppliers. The supplier plans to repay Dristell this amount plus interest within months.
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