SCREEN PRINTER VERSION LOK NERT Flint Enterprises entered into the following transactions during 2018: CALCULATOR 1. Sold a piece of equipment with a book value of $7,700 for $1,300 2. Purchased a parcel of land for $12,000. 3 Purchased a three-year Insurance policy for $9,900 4. Issued 1,100 shares of common stock at $7 per share 5. Collected a short-term note, including interest in the amount of $2,700 6 Collected $2,900 from customers that will not be cared unti 2019 7. Purchased a building in exchange for a long-term note with a face value of $16,100 (the present value of the note is $12,800). 8 Declared and paid a cash dividend of $6,900. 9. Paid $5,200 in salaries and wages 10. Converted an outstanding receivable into a short-term not receivable that matures in February 2019 11. Purchased $4,100 of inventory on account 12. Wrote off an account ($500) as uncollectible Callowance method). 13 Recorded $8,200 in depreciation expense for the year. (0) Then STANDARD VIEW PRINTER VERSION BACK NEXT The control of Fint Enterprises is trying to explain the change in the company's cash balance from January 1, 2018, to December 31, 2018. The controler has asked you to analyze each of the rection. You are to indicate whether cash was provided, used, or not affected by each transaction. If the cash balance is affected by the transaction indicate the dollar amount of the increase or decrease. Unless otherwise indicated, assume that all transactions involve cash Transaction Cash Affected Type of Effect Dollar Amount 1. 2 3. 4. 5. 6. 7. 8 9. 10. 12. 13