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 $270,000 of bonds, on which there was $2,700 of unamortized discount, for $281,000.
2. Sold 7,000 shares of $25 par common stock for $47 per share.
3. Sold equipment with a book value of $47,700 for $68,700.
4. Purchased land for $514,000 cash.
5. Purchased a building by paying $59,000 cash and issuing a $100,000 mortgage note payable.
6. Sold a new issue of $260,000 of bonds at 97.
7. Purchased 5,400 shares of $30 par common stock as treasury stock at $54 per share.
8. Paid dividends of $1.50 per share. There were 18,000 shares issued and 3,000 shares of treasury stock.

	Effect	Amount
a.

	$fill in the blank 2
b.

	$fill in the blank 4
c.

	$fill in the blank 6
d.

	$fill in the blank 8
e.

	$fill in the blank 10
f.

	$fill in the blank 12
g.

	$fill in the blank 14
h.

$