Reference no: EM132470041
The following transactions have not yet been recorded for 2023:
1. On December 31, 2023, the board of directors declared a total cash dividend of $54,000
2. The bonds were issued at par with a contract interest rate of 4%. Interest is paid semi-annually on July 1 and January 1.
3. The income tax rate for 2023 is 20%
Required:
Using a blank MS Excel workbook, answer the following questions:
Question 1. Prepare the adjusting entries required for December 31, 2023
Question 2. Prepare the closing entries for December 31, 2023
Question 3. Prepare an income statement for the year ended December 31, 2023
Question 4. Prepare a statement of retained earnings for the year ended December 31, 2023
Question 5. Prepare a classified balance sheet at December 31, 2023
Question 6. Calculate Capricorn's earnings per share for 2023.
Attachment:- Capricorn Inc.rar
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