EA 1. LO 16.1Provide journal entries to record each of the following transactions. For each, identify whether the transaction represents a source of cash (S), a use of cash (U), or neither (N).

Declared and paid to shareholders, a dividend of $24,000.

Issued common stock at par value for $12,000 cash.

Sold a tract of land that had cost $10,000, for $16,000.

Purchased a company truck, with a note payable of $38,000.

Collected $8,000 from customer accounts receivable.