Question: Hello- any help that you can provide with solving the following problems is much appreciated! Thank you. On August 1, 2018, Towson Corp., declared a

Hello- any help that you can provide with solving the following problems is much appreciated! Thank you.

  1. On August 1, 2018, Towson Corp., declared a 10% stock dividend on its common stock when the market value of the common stock was $15 per share.The balance in the common stock account, before the stock dividend was declared, was $900,000.The par value of all common stock is $10.What is the total dollar amount credited to additional paid in capital - common stock on August 1, 2018?

2.Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company acquired the following trading securities:

Date: Company: #of Shares: Price per Share:

8/15 X 1,500 $40

9/25 Y 1,250 30

9/30 Z 1,000 28

On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12 per share. The following were the year-end market values:

Company: FMV per Share:

X Company $49

Y Company 15

Z Company 29

What the total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018?Enter a Loss as a negative number.

3.ArundelCompany uses percentage of sales to estimateuncollectibles.At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance of $78,000 and had a total of $735,000 in credit sales.Arundel assumes that 2.0% of sales will eventually be uncollectible.before adjustment, the Allowance for Uncollectible Accounts had a credit balance of 6,000.What dollar amount should be credited to Allowance for Uncollectible Accounts at year end?

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