Homework Answers
| Transactions | Activity | Amount$ |
| a):-Received $120000 from sale of land costing $75000 | Investing | $120000 |
| b):-Purchase investment for $75000 | Investing | -$75000 |
| c):- Payment of cash dividends ($35000+$5000-$6000) | Financing | -$34000 |
| d):- Acquired equipment for $64000 | Investing | -$64000 |
| e):- Declared and issue 100 shares at$20 par common stock as stock dividends (Non- cash transaction) | Not reported | 0 |
| f):- Depreciation for year $17000(Non -Cash transactions) | Not reported | 0 |
| g):- issued 85000 shares of 10℅ par common share at $25(85000 X$25) | Financing | $2125000 |
| h):- Issue $500000 of 20 year,10℅ bond payable at $99($500000/$100 X $99) | Financing | $495000 |
| I):- Borrowed $43000 from regional bank,issuing 5-years,8℅ note for that amount | Financing | $43000 |
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