Note the following transactions:

a. Paid $22,000 cash on bonds payable.

b. Collected $12,600 cash for a note receivable.

c. Declared a dividend to shareholders for $16,000, to be paid in the future.

d. Paid $26,500 to suppliers for purchases on account.

e. Purchased treasury stock for $18,000 cash.

Required:

1. Journalize a. thru e. in formal journal entry format. (Use a., b. c. etc. as the date)

2. Identify whether each transaction represents a source or use of cash or neither.