Retired $500,000 of bonds, on which there was $5,000 of unamortized discount, for $525,000.

This transaction will result in a cash payment of $520,000. The payment is calculated by subtracting the unamortized discount of $5,000 from the total retirement payment of $525,000.

Sold 6,000 shares of $20 par common stock for $30 per share.

This transaction will result in a cash receipt of $180,000 (6,000 shares x $30 per share sale price).

Sold equipment with a book value of $98,200 for $117,500.

This transaction will result in a cash receipt of $117,500 for the sale of the equipment and a cash payment of $19,300 for the gain on sale of the equipment. The payment is calculated by subtracting the book value of the equipment from the sales price:

$117,500 sales price - $98,200 book value = $19,300 gain on sale of equipment

Purchased land for $322,000 cash.

The purchase of land will result in a cash payment of $322,000.

Purchased a building by paying $75,000 cash and issuing a $62,500 mortgage note payable.

The purchase of the building will result in a $75,000 cash payment. The mortgage note results in a cash receipt of $62,500.

Sold a new issue of $300,000 of bonds at 101.

A new issue of bonds will result in a cash receipt of $303,000. The cash receipt is calculated by multiplying the face value of the bonds by 101%:

$300,000 face value x 101% bond premium= $303,000 cash receipt

Purchased 2,500 shares of $40 par common stock as treasury stock at $50 per share.

This transaction will result in a cash payment of $125,000. The cash payment is calculated by multiplying the number of shares by the purchase price:

2,500 shares x $50 per share = $125,000

Paid dividends of $2.00 per share. There were 50,000 shares issued and 10,000 shares of treasury stock.

This transaction will result in a cash payment of $80,000. Since 10,000 of the outstanding shares were treasury stock, the company will not pay dividends on them. Treasury stock is stock that once was issued to stockholders and has been bought back by a company. Dividends are not paid on the stock and it has no voting rights associated with it. The $2.00 dividend will be paid on the remaining shares of stock, as calculated below:

(50,000 shares outstanding - 10,000 treasury stock shares) x $2.00 dividend per share = $80,000