Question: please i want the answer now process. 1. W Co. issued 200,000 shares of common stock on January 1, 2019. On Feb 1, W Co.
process. 1. W Co. issued 200,000 shares of common stock on January 1, 2019. On Feb 1, W Co. declared a cash dividend of 0.1 yuan per share on the 150,000 shares of common stock outstanding. Record on Feb 20 and payable Mar 1 to stockholders. How much is the balance for dividend payable account on Feb 20 for the company? Answer: 2. Apple invests $59, 000 for a one-third equity in the partnership of Banana and Mango. Prior to Apple's admission, Banana had capital account balances of $52, 000 while Mango had $57,000 in his capital account 1/7 balances; after Apple' s admission, all three partners had equal equity in the firm. In recording Apple's investment, how much should Apple's capital account be credited for? Answer: 3. Avocado Corporation is authorized to issue 1, 800,000 shares of 3 yuan par value capital stock. The corporation issued one half of the stock for cash of 4 yuan per share, earned 2,500,000 yuan during the first year, and declared a cash dividend of 380, 000 yuan. How much is the total paid-in capital of Avocado Corporation after one year of operation
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