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If your answer is not reported in an amount box does not require an entry, leave it blank or enter 0. a. Received $120,000 from
If your answer is not reported in an amount box does not require an entry, leave it blank or enter "0".
a. | Received $120,000 from the sale of land costing $70,000. | $ | |
$ | |||
b. | Purchased investments for $75,000. | $ | |
c. | Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginning of the year, and $6,000 were payable at the end of the year. | $ | |
d. | Acquired equipment for $64,000 cash. | $ | |
e. | Declared and issued 100 shares of $20 par common stock as a stock dividend, when the market price of the stock was $32 a share. | $ | |
f. | Recognized depreciation for the year, $37,000. | $ | |
g. | Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash. | $ | |
h. | Issued $500,000 of 20-year, 10% bonds payable at 99. | $ | |
i. | Borrowed $43,000 from Regional Bank, issuing a 5-year, 8% note for that amount. | $ |
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