If your answer is not reported in an amount box does not require an entry, leave it blank or enter “0”.

a. Received $120,000 from the sale of land costing $70,000. $
$
b. Purchased investments for $75,000. $
c. Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginning of the year, and $6,000 were payable at the end of the year. $
d. Acquired equipment for $64,000 cash. $
e. Declared and issued 100 shares of $20 par common stock as a stock dividend, when the market price of the stock was $32 a share. $
f. Recognized depreciation for the year, $37,000. $
g. Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash. $
h. Issued $500,000 of 20-year, 10% bonds payable at 99. $
i. Borrowed $43,000 from Regional Bank, issuing a 5-year, 8% note for that amount. $