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Please help with this question and the following requirements, Thank you! E14-25 (similar to) 3 Question Help Disc Golf, Inc. identified the following selected transactions
Please help with this question and the following requirements, Thank you!
E14-25 (similar to) 3 Question Help Disc Golf, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018: (Click the icon to view the transactions.) Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows. (lf a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Disc Golf, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities x More Info a. Issued 1200 shares of $3 par common stock for cash of $24,000. b. Issued 5,700 shares of $3 par common stock for a building with a fair market value of $96,000. c. Purchased new truck with a fair market value of $31,000. Financed it 100% with a long-term note. d. Retired short-term notes of $19,000 by issuing 2,400 shares of $3 par common stock. e. Paid long-term note of $8,000 to Bank of Tallahassee. Issued new long-term note of $17,000 to Bank of Trust Print Done Choose from any list or enter any number in the input fields and then click CheckStep by Step Solution
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