Enter the following column headings across the top of a

Reference no: EM13577953

Enter the following column headings across the top of a sheet of paper:Transaction, Cash, Other Assets, Liabilities, Paid-In Capital, REtained Earnings, Treasury Stock, Net Income

Enter the transaction letter in the first clumn and show the effect if any of each of the following transactions on each financial statement category by entering a plus (+) or minus (-) sign and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column, You may write the entries to record each transaction.

a. sold 5200 shares of $10 par value preferred stock at $12.50 per share.
b. Declared the annual cash dividend of $3.20 per share on common stock. There were 18,400 shares of common stock issued and outstanding throughout the year.
c. Issued 6,400 shares of $10 par value preferred stock in exchange for building when the Market price of preferred stock was $14 per share.
d. Purchased 300 shares of preferred stock for the treasury at a price of $16 per share.
e. Sold 140 shares of the preferred stock held in treasury (see D) for $17 per share.
f. Declared and issued a 15% stock dividend on the $1 par value common stock when the market price per share was $45.

Reference no: EM13577953

Questions Cloud

Assume that xenon has sufficient capacity to fill the order : xenon has received a special order for 120 units of its product at a special price of 1850. the product normally sells

When a cashier at the grocery store ends a shift does the : recall a trip to the bank. does the teller receiving the money for deposit take the money to bookkeeping and record the

Du monde corp is considering the purchase of a new piece of : du monde corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result

What is the amount of rachels deduction assuming that she : stock donation value of contribution lo. 6rachel had agi of 100000 in 2012. she donated bronze corporation stock with a

Enter the following column headings across the top of a : enter the following column headings across the top of a sheet of papertransaction cash other assets liabilities paid-in

Find the weighted mean for three exams if the first one was : find the weighted mean for three exams if the first one was worth 20 and the student received a 80 the second was

Persius corp is considering the purchase of a new piece of : persius corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result

On a scale of 1 to 10 what is your satisfaction level with : below are five questions that might be found on questionnaires. comment on each as to whether it is a good question

Andree is about to graduate college with a management : andree is about to graduate college with a management degree. she has been offered a job as a sales representative for

User Account

All Pages