You can skip B I will get help on it Part 1 Instructiona Recond the folowing journal
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You can skip B I will get help on it
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Part 1 Instructiona Recond the folowing journal entries for ABC Corporation on the journat in the provided Student Input Form (Excel file) Use the letter for each as the date Journal Entries A. Issued 10500 shares of $10 par common stock at $11, receiving cash. (6 points) B. Issued $ 210000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. (5 points) Use the Present Value Tables in Appendix A of text book. Round all calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock. On date of declaration, 33600 shares of common stock were outstanding. (3 points) D. Paid cash dividend from (c) above. (2 points) E. Purchased 12600 shares of Jones Company for $10 per share, plus $6300 commission. Our company purchased less than 20% of the outstanding stock of Jones Company. (3 points) F. Declared a 5% stock dividend on the $10 par common stock when the market price was $25 per share. There were 33600 Shares outstanding. (6 points) G. Distributed the stock dividends declared in (F). H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. 1. Purchased 630 shares of treasury common stock for $12 per share. J. Received semiannual interest from bonds purchased in (H). K. Received a total cash dividend of $1260 from Jones Company. L. Received a $2100 dividend from our investment in Masco Company stock. This investment is accounted for under the equity method. M. Sold, at $17 per share, 315 shares of treasury common stock purchased in (1). N. Sold 2520 shares of Jones company stock purchased in (E) for $13 per share, including commission. (2 points) (3 points) (3 points) (3 points) (3 points) (3 points) (6 points) (6 points) Part 1 Instructiona Recond the folowing journal entries for ABC Corporation on the journat in the provided Student Input Form (Excel file) Use the letter for each as the date Journal Entries A. Issued 10500 shares of $10 par common stock at $11, receiving cash. (6 points) B. Issued $ 210000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. (5 points) Use the Present Value Tables in Appendix A of text book. Round all calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock. On date of declaration, 33600 shares of common stock were outstanding. (3 points) D. Paid cash dividend from (c) above. (2 points) E. Purchased 12600 shares of Jones Company for $10 per share, plus $6300 commission. Our company purchased less than 20% of the outstanding stock of Jones Company. (3 points) F. Declared a 5% stock dividend on the $10 par common stock when the market price was $25 per share. There were 33600 Shares outstanding. (6 points) G. Distributed the stock dividends declared in (F). H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. 1. Purchased 630 shares of treasury common stock for $12 per share. J. Received semiannual interest from bonds purchased in (H). K. Received a total cash dividend of $1260 from Jones Company. L. Received a $2100 dividend from our investment in Masco Company stock. This investment is accounted for under the equity method. M. Sold, at $17 per share, 315 shares of treasury common stock purchased in (1). N. Sold 2520 shares of Jones company stock purchased in (E) for $13 per share, including commission. (2 points) (3 points) (3 points) (3 points) (3 points) (3 points) (6 points) (6 points)
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