Identifying and reporting non-cash transactions Golden Bookstore identified the following…

Identifying and reporting non-cash transactions Golden Bookstore identified the following selected transactions that occurred during the year ended December 31, 2018: a. Issued 20,000 of $1 par common stock in order to retire $200,000 notes payable. b. Acquired land by issuing bonds. The piece of land had a fair value of $320,000 at the date of purchase. c. Paid $17,000 to retire a 2-year notes payable. d. Issued 30,000 of $1 par common stock for cash of $360,000. e. Issued 6,500 of $1 par common stock for a vehicle with a market value of $80,000. Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows.

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