State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
Retired $290,000 of bonds, on which there was $2,900 of unamortized discount, for $302,000.
Sold 12,000 shares of $30 par common stock for $73 per share.
Sold equipment with a book value of $44,900 for $64,700.
Purchased land for $442,000 cash.
Purchased a building by paying $56,000 cash and issuing a $100,000 mortgage note payable.
Sold a new issue of $320,000 of bonds at 99.
Purchased 4,900 shares of $25 par common stock as treasury stock at $48 per share.
Paid dividends of $2.30 per share. There were 20,000 shares issued and 3,000 shares of treasury stock.
State the effect of cash receipt or cash payment and amount :
No | Transaction | Effect | Amount |
1 | Retired $290,000 of bonds, on which there was $2,900 of unamortized discount, for $302,000 | Cash payment | -302000 |
2 | Sold 12,000 shares of $30 par common stock for $73 per share. | Cash receipt | 876000 |
3 | Sold equipment with a book value of $44,900 for $64,700. | Cash receipt | 64700 |
4 | Purchased land for $442,000 cash. | Cash payment | -442000 |
5 | Purchased a building by paying $56,000 cash and issuing a $100,000 mortgage note payable. | Cash payment | -56000 |
6 | Sold a new issue of $320,000 of bonds at 99. | Cash receipt | 316800 |
7 | Purchased 4,900 shares of $25 par common stock as treasury stock at $48 per share. | Cash payment | -235200 |
8 | Paid dividends of $2.30 per share. There were 20,000 shares issued and 3,000 shares of treasury stock. | Cash payment | -39100 |
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