(a) Received $145,000 from the sale of land costing $70,000.
(b) Purchased investments for $50,000.
(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 $32,000 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 by an adjusting entry depreciation for the year, $48,000.
(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.
(e) Borrowed $43,000 from Busey National Bank, issuing a 5-year, 8% note for that amount.
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