Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $260,000 of bonds, on which there was $2,600 of unamortized discount, for $270,000. b. Sold 12,000 shares of $10 par common stock for $19 per share. c. Sold equipment with a book value of $67,800 for $97,600. d. Purchased land for $514,000 cash. e. Purchased a building by paying $54,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $200,000 of bonds at 97. g. Purchased 3,800 shares of $20 par common stock as treasury stock at $38 per share. h. Paid dividends of $2.20 per share. There were 27,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. 9. h. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment Cash receipt Cash payment Cash payment $ $ $ $ $ $ $ Amount
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $260,000 of bonds, on which there was $2,600 of unamortized discount, for $270,000. b. Sold 12,000 shares of $10 par common stock for $19 per share. c. Sold equipment with a book value of $67,800 for $97,600. d. Purchased land for $514,000 cash. e. Purchased a building by paying $54,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $200,000 of bonds at 97. g. Purchased 3,800 shares of $20 par common stock as treasury stock at $38 per share. h. Paid dividends of $2.20 per share. There were 27,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. 9. h. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment Cash receipt Cash payment Cash payment $ $ $ $ $ $ $ Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Effect of Transactions on Cash Flows
State the effect (cash receipt or cash payment and amount) of each of the following
transactions, considered individually, on cash flows:
a. Retired $260,000 of bonds, on which there was $2,600 of unamortized discount, for
$270,000.
b. Sold 12,000 shares of $10 par common stock for $19 per share.
c. Sold equipment with a book value of $67,800 for $97,600.
d. Purchased land for $514,000 cash.
e. Purchased a building by paying $54,000 cash and issuing a $120,000 mortgage note payable.
f. Sold a new issue of $200,000 of bonds at 97.
g. Purchased 3,800 shares of $20 par common stock as treasury stock at $38 per share.
h. Paid dividends of $2.20 per share. There were 27,0 shares issued and 4,000 shares of
treasury stock.
a.
b.
C.
d.
e.
f.
9.
h.
Effect
Cash payment
Cash receipt
Cash receipt
Cash payment
Cash payment
Cash receipt
Cash payment
Cash payment
Feedback
$
$
$
$
$
$
$
Amount
Check My Work
Identify the cash flow in each transaction. Is cash being received or paid?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2848ae22-53f7-472d-9cf5-b927a11da997%2F1db453d5-b33c-48cc-9e25-d217069cae2a%2Fokyctt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Effect of Transactions on Cash Flows
State the effect (cash receipt or cash payment and amount) of each of the following
transactions, considered individually, on cash flows:
a. Retired $260,000 of bonds, on which there was $2,600 of unamortized discount, for
$270,000.
b. Sold 12,000 shares of $10 par common stock for $19 per share.
c. Sold equipment with a book value of $67,800 for $97,600.
d. Purchased land for $514,000 cash.
e. Purchased a building by paying $54,000 cash and issuing a $120,000 mortgage note payable.
f. Sold a new issue of $200,000 of bonds at 97.
g. Purchased 3,800 shares of $20 par common stock as treasury stock at $38 per share.
h. Paid dividends of $2.20 per share. There were 27,0 shares issued and 4,000 shares of
treasury stock.
a.
b.
C.
d.
e.
f.
9.
h.
Effect
Cash payment
Cash receipt
Cash receipt
Cash payment
Cash payment
Cash receipt
Cash payment
Cash payment
Feedback
$
$
$
$
$
$
$
Amount
Check My Work
Identify the cash flow in each transaction. Is cash being received or paid?
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