From the Following Information,prepare a Schedule of Noncash Investing and Financing

question 130

Essay

From the following information,prepare a schedule of noncash investing and financing activities:
(a) Sale of a building with a book value of $\$ 145,000$ for $\$ 195,000$ and land with a book value of $\$ 132,000$ for $\$ 65,000$ .
(b) Issuance of 5,000 shares in exchange for equipment with a fair value of $\$ 110,000$ .
(c) Retirement of a $\$ 140,000,10 \%$ bond by issuing another $\$ 140,000,12 \%$ bond issue.
(d) Acquisition of land by issuing a 10 -year, $12 \%$ note payable for $\$ 144,000$ .