For this assignment you will be creating 3 scenarios that lead to entries you will make, using the excel workbook you started for Assignment 1 You will be using your General Journal and your General Ledger as well as your working trial balance 1) You should create a scenario for 3 separate transactions that address the following issues from Chapter 18 (you can have a separate sheet for each scenario or one sheet that includes them all) Issue stock at an amount above par value in the 3rd quarter, Declare in quarter 2 and distribute in quarter 4 a property dividend, using an existing asset which has increased in value Repurchase shares to hold in Treasury and then reissue a portion of the shares for a different price You come up with the backstory and details for these transactions, providing me with a description of the transaction that provides enough detail for me to recalculate your numbers 2) Record each transaction in the General Journal using the General Journal sheet Your transactions should be recorded in proper general journal form, including the A,A,L,L, OE,OE arrows You started the general journal in assignment 2 so it should be set up already

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Question: For this assignment you will be creating 3 scenarios that lead to entries you will make, using the excel workbook you started for Assignment 1.

For this assignment you will be creating 3 scenarios that lead to entries you will make, using the excel workbook you started for Assignment 1. You will be using your General Journal and your General Ledger as well as your working trial balance

1) You should create a scenario for 3 separate transactions that address the following issues from Chapter 18 (you can have a separate sheet for each scenario or one sheet that includes them all):

Issue stock at an amount above par value in the 3rd quarter,
Declare in quarter 2 and distribute in quarter 4 a property dividend, using an existing asset which has increased in value.
Repurchase shares to hold in Treasury and then reissue a portion of the shares for a different price.

You come up with the backstory and details for these transactions, providing me with a description of the transaction that provides enough detail for me to recalculate your numbers.

2) Record each transaction in the General Journal using the General Journal sheet. Your transactions should be recorded in proper general journal form, including the A,A,L,L, OE,OE arrows. You started the general journal in assignment 2 so it should be set up already.

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