1. 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:

   1. Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000.
   2. Sold 12,000 shares of $15 par common stock for $24 per share.
   3. Sold equipment with a book value of $67,300 for $96,900.
   4. Purchased land for $449,000 cash.
   5. Purchased a building by paying $85,000 cash and issuing a $120,000 mortgage note payable.
   6. Sold a new issue of $220,000 of bonds at 99.
   7. Purchased 3,800 shares of $20 par common stock as treasury stock at $37 per share.
   8. Paid dividends of $1.50 per share. There were 25,000 shares issued and 4,000 shares of treasury stock.

   	Effect	Amount
   a.	Cash payment	$
   b.	Cash receipt	$
   c.	Cash receipt	$
   d.	Cash payment	$
   e.	Cash payment	$
   f.	Cash receipt	$
   g.	Cash payment	$
   h.	Cash payment	$