Please answer these questions and give an explanation as to the answer:

Question 1

Mayston Co. issued $10,000 shares of $0.01 par value stock for $20 per share. To record this transaction, Mayston will:

Question 2

Suppose a company issues a $200,000, 9% bond, due in 10 years, with interest payable semi-annually. If the market rate for this bond is 10%, for what amount would the company credit Bonds Payable at the time of issuance?

Question 3

On January 1, 2012, Liberty purchases equipment for $70,000. The equipment is expected to produce 10,000 units of output with a residual value of $10,000. Calculate the amount of Accumulated Depreciation that will be reported in the 2014 financial statements using the activity-based method. Actual production in 2012, 2013, and 2014 was 1,000, 1,000, and 2,000, respectively.

Question 4

Gaston Co. reports the following cash activities for the year:

Receive cash from customers	$100,000
Pay cash to purchase building	$90,000
Receive cash from issuance of stock	$50,000
Pay cash for employee salaries	$40,000
Pay cash for dividend to stockholders	$20,000
Receive cash from sale of land	$70,000
Pay cash for repayment of borrowing	$80,000
Receive cash from long-term borrowing	$60,000
Pay cash for purchase of supplies	$30,000

Calculate the amount of financing cash flows?