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 $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. b. Sold 12,000 shares of $30 par common stock for $64 per share. c. Sold equipment with a book value of $58,200 for $83,800. d. Purchased land for $457,000 cash. e. Purchased a building by paying $86,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $250,000 of bonds at 97. g. Purchased 3,400 shares of $40 par common stock as treasury stock at $77 per share. h. Paid dividends of $2.40 per share. There were 20,000 shares issued and 3,000 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 Feedback Check My Work Identify the cash flow in each transaction. Is cash being received or paid