eBook 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 $280,000 of bonds, on which there was $2,800 of unamortized discount, for $291,000. b. Sold 7,000 shares of $30 par common stock for $52 per share. c. Sold equipment with a book value of $52,800 for $76,000. d. Purchased land for $550,000 cash. e. Purchased a building by paying $82,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $250,000 of bonds at 99. g. Purchased 3,600 shares of $45 par common stock as treasury stock at $85 per share. h. Paid dividends of $1.60 per share. There were 19,000 shares issued and 3,000 shares of treasury stock. Effect Amount a. Cash payment 291,000 b. Cash receipt 350,000 X C. Cash receipt 64,200 X d. Cash payment 499,000 X e. Cash payment 83,000 X f. Cash receipt 198,000 X 9. Cash payment 460,200 X h. Cash payment 43,200 X Feedback