Ch 11 part 2 Assignment i Saved Required information Part 1 of 3 Knowledge Check 01 On July 1, Hanson Corporation issued 10 shares of $100 par value preferred stock for cash of $1,000 per share. 0.2 points Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. eBook Print View transaction list References Journal entry worksheet On July 1, Hanson Corporation issued 10 shares of $100 par value preferred stock for cash of $1,000 per share. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Mc Prev. 1 2 3 of 19 Next > Type here to search DELL ESC F2 F3 F4 F5 F8 F11 Fo T a Q W E R A S D F G H K. Z X C NSaved Ch 11 part 2 Assignment i Required information Part 1 of 2 [The following information applies to the questions displayed below.] Year 1 total cash dividends $ 18, 800 Year 2 total cash dividends 27 , 700 245, 000 1.5 Year 3 total cash dividends points Year 4 total cash dividends 395, 000 eBook York's outstanding stock consists of 70,000 shares of noncumulative 8.5% preferred stock with a $5 par value and also 290,000 Hint shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Print Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your References "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Dividend per Number of Preferred Preferred Dividend Rate Preferred Preferred Dividend Share Share Shares Annual Preferred Dividend: Total Cash Paid to Paid to Dividends in Preferred Common Arrears at Dividend Paid year-end Year 1 $ 18,800 Year 2 27,700 Year 3 245,000 Year 4 395,000 Total: 686,500 Mc Type here to search DELL ESC FI F7 FZ F3 F4 F5 F6 F8 F9 F10 F11 F12 5 Tab W R O 6 s Lock S D F G H K. 13 Z X C B N M O AltSaved 5 Required information Part 2 of 2 [The following information applies to the questions displayed below.] Year 1 total cash dividends $ 18, 800 Year 2 total cash dividends 27, 700 1.5 Year 3 total cash dividends 245, 000 points Year 4 total cash dividends 395 , 000 eBook York's outstanding stock consists of 70,000 shares of cumulative 8.5% preferred stock with a $5 par value and also 290,000 shares of Hint common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Print References Par Value per Dividend per Number of Preferred Dividend Rate Preferred Preferred Preferred Share Share Shares Dividend Annual Preferred Dividend: Total Cash Paid to Paid to Dividends in Preferred Arrears at Dividend Paid Common year-end Year 1 $ 18,800 Year 2 27,70 Year 3 245,000 Year 4 395,000 Totals $ 686,500 Mc Type here to search DELL F7 F8 F9 F10 F11 F3 F4 F5 F6 ESC a P 6 Tab O W D F G H J - 2 Lock S N X C B6 Required information 0:00 / 1:26 CC Part 1 of 2 Knowledge Check 01 Prior to June 1, Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 0.2 shares of its common stock on the open market. points Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. eBook Print View transaction list References Journal entry worksheet Prior to June 1, Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares of its common stock on the open market. Note: Enter debits before credits. Date General Journal Debit Credit June 01 Grav Hill Type here to search O N 9 DELL 511 F1 F4 F5 F6 F7 F8 F10 ESC F2 F3 a 9 A ab W R U O Lock D G K A S F H 2 Z X C N M7 O Required information Part 2 of 2 Knowledge Check 01 Prior to June 1, Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 0.2 shares of its common stock on the open market. On July 1, the company sold 50 of these shares at $52 per share. Then, on August 1 points the company sold the remaining 50 shares at $46 per share. Complete the journal entry for the sale of the treasury stock on July 1 by selecting the account names from the drop-down menus and Book entering the dollar amounts in the debit or credit columns. Print References View transaction list Journal entry worksheet Prior to June 1, Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares of its common stock on the open market. On July 1, the company sold 50 of these shares at $52 per share. Then, on August 1, the company sold the remaining 50 shares at Note: Enter debits before credits. Date General Journal Debit Credit A July 01 Gray Hill Type here to search O DELL -2 F3 F4 FS F6 F8 F9 F10 F11 ESC FT T a of W E R U O A A S D F G H J 2 Z X C N M8 On October 10, the stockholders' equity section of Sherman Systems appears as follows. $ 960, 000 Common stock-$10 par value, 5,800 shares authorized, issued, and outstanding 336, 000 Paid-in capital in excess of par value, common stock 2 1, 056, 006 Retained earnings points $ 2, 352, 080 Total stockholders equity eBook 1. Prepare journal entries to record the following transactions for Sherman Systems. Hint a. Purchased 7,400 shares of its own common stock at $49 per share on October 11. b. Sold 1,600 treasury shares on November 1 for $55 cash per share. Print c. Sold all remaining treasury shares on November 25 for $48 cash per share. References 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,400 shares of its own common stock at $49 per share on October 11. b. Sold 1,600 treasury shares on November 1 for $55 cash per share. c. Sold all remaining treasury shares on November 25 for $48 cash per share. Show less A View transaction list Grav Hill Type here to search O O N 9 DELL ESC F1 FZ F3 F4 F6 FO F10 F11 9 LO a 3 9 9 ab Q W E R O S PCK A S D F G H K Z X C N8 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,400 shares of its own common stock at $49 per share on October 11. b. Sold 1,600 treasury shares on November 1 for $55 cash per share. 2 c. Sold all remaining treasury shares on November 25 for $48 cash per share. points Show less View transaction list eBook Hint Journal entry worksheet Print References 2 3 Record the purchase of 7,400 shares of its own common stock for $49 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Mc Next > Graw Hill Type here to search O Hi N 9 DELL F10 F11 F5 F6 F7 F8 F9 F4 9 ESC FT -2 F3 @ 2 5 B Tab Q W E R A H aps Lock A S D F G N Z X CCh 11 part 2 Assignment Saved 8 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,400 shares of its own common stock at $49 per share on October 11. b. Sold 1,600 treasury shares on November 1 for $55 cash per share. 2 c. Sold all remaining treasury shares on November 25 for $48 cash per share. points Show less A View transaction list eBook Hint Journal entry worksheet Print References Hill Type here to search DELL F11 F6 F7 F8 F9 F10 F4 F5 ESC F2 F3 a Tab W E R F G H K as Lock A S D Z X C8 On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 5,800 shares authorized, issued, and outstanding $ 960, 080 2 Paid-in capital in excess of par value, common stock 336, 080 points Retained earnings 1, 056, 080 Total stockholders' equity $ 2,352, 080 eBook 1. Prepare journal entries to record the following transactions for Sherman Systems. Hint a. Purchased 7,400 shares of its own common stock at $49 per share on October 11. b. Sold 1,600 treasury shares on November 1 for $55 cash per share. Print c. Sold all remaining treasury shares on November 25 for $48 cash per share. References 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Stockholders' Equity Section of Balance Sheet After October 11 Total contributed capital Total Type here to search O DELL F5 F6 F7 F8 F10 ESC F2 F3 F4 @ 2 3 A 5 6 Tab Q W E R T U Lock A S D F G H Z X C V Nw my sinclair edu - Ya. ex Wix ADI e THE BEST 10 Art Ga, Ch 11 part 2 Assignment Saved 8 b. Sold 1,600 treasury shares on November 1 for $55 cash per share. c. Sold all remaining treasury shares on November 25 for $48 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. 2 points Complete this question by entering your answers in the tabs below. Book Required 1 Required 2 Hint Print Prepare the stockholders' equity section after the October 11 treasury stock purchase. References Revised Stockholders' Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity raw Hill Type here to search O HO N 9 DELL F6 F7 F8 F9 F10 ESC F1 FZ F3 F4 OX a 19 2 5 Tab Q W E R T U H Lock A S D F GSaved Ch 11 part 2 Assignment i 11 In Draco Corporation's first year of business, the following transactions affected its equity accounts. . Issued 5,600 shares of $2 par value common stock for $34. It authorized 20,000 shares. Issued 1,400 shares of 12%, $10 par value preferred stock for $39. It authorized 3,000 shares. 2 Reacquired 280 shares of common stock for $46 each. points . Retained earnings is impacted by reported net income of $66,000 and cash dividends of $23,000. Prepare the stockholders' equity section of Draco's balance sheet as of December 31. (Amounts to be deducted should be indicated eBook by a minus sign.) Print References DRACO CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total stockholders' equity Type here to search DELL FO F10 F11 F5 F6 F8 F1 F2 F3 ESC a 5 2 O W E R K A S D F G H X C N Z12 The following information is from Amos Company for the current year ended December 31. 2 a. Retained earnings at December 31 of the prior year (before discovery of an error) was $863,000. points b. Amos discovered this year that it forgot to record depreciation expense of $36,600 (net of tax benefit) two years ago. c. Cash dividends declared and paid in the current year were $24,000. d. Reported $217,000 of net income in the current year. eBook Prepare a statement of retained earnings for Amos Company for the current year. (Amounts to be deducted should be indicated with Hint a minus sign.) Print AMOS COMPANY References Statement of Retained Earnings For Current Year Ended December 31 Prior period adjustment Mc Hill Type here to search O HI 9 7 0 WEFON9 DELL ESC F3 F4 F5 F6 F8 F10 F11 a 5 O Q W E R O S D F G H J K. Z X C N17 Ecker Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred stock for the year. At year end, the company had 340,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? 1.5 points Net income Book To preferred stockholders Net income available to common stockholders Hint Print References 2. What is the company's basic earnings per share (EPS)? Basic Earnings per Share Basic Earnings per Share Choose Numerator: Choose Denominator: |Basic earnings per share = Grav Hill Type here to search DELL F11 F4 F5 F6 F7 F8 F9 F10 ESC F1 F2 F3 a ab W R ock A S D F G H K 2 Z X C B N M.18 Earnings per Market Value per Company Share Share Hilton $ 10.00 $ 160.00 SPG 8.00 78.40 1.5 Hyatt 6.00 79. 20 points Accor 48.00 297. 60 Compute the price-earnings ratio for each of these four separate companies. eBook For which of these four companies does the market have the lowest expectation of future performance? Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Compute the price-earnings ratio for each of these four separate companies. Price-Earnings Ratio Company Choose Numerator: Divided by Choose Denominator: Price-Earnings Ratio =Price-earnings ratio Hilton 11 SPG Hyatt Accor Required 1 Required 2 > Mc Hill Type here to search DELL F8 F9 F10 F1 F2 F3 F4 F5 F6 Esc Fn a 2 2 W T Q E R H ock A S D F GCh 11 part 2 Assignment Saved 18 Earnings per Market Value per Company Share Share Hilton $ 10.00 $ 160.00 SPG 8.00 78.40 1.5 Hyatt 6.00 79. 20 points Accor 48.00 297. 60 Compute the price-earnings ratio for each of these four separate companies. eBook For which of these four companies does the market have the lowest expectation of future performance? Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 For which of these four companies does the market have the lowest expectation of future performance? For which of these four companies does the market have the lowest expectation of future performance? Accor Hiltor Hyatt SPG Mc Type here to search O HO N 9 DELL C3 CA F6 F7 F8 F10 Esc F1 Fn UX a 2 3 4 5 Tab Q W E R T Y U A ps Lock A S D F G H