Question: Please request help solving the attached accounting questions. Thanks in advance. 1.) The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of

Please request help solving the attached accounting questions. Thanks in advance.

Please request help solving the attached accounting questions. Thanks in advance. 1.)

1.) The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4,460 and their Accumulated Depreciation was $4,460. No residual value was received. b. Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $2,920. ? Prepare journal entries to record above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ? Prepare journal entries to record above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2.) To expand operations, Aragon Consulting issued 1,350 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. 1 Complete the table below, indicating the account, amount, and direction of the effect for the stock - issuance. (Enter any decreases to account balances with a minus sign.) a. 1 Prepare the journal entry for the stock issuance. (If no entry is required for a transaction/event, - select "No Journal Entry Required" in the first account field.) b.2-a. Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance with a par value of $2. (Enter any decreases to account balances with a minus sign.) Prepare the journal entry for the stock issuance, if the par value were $2 per share. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 3.) Academy Driving School reported the following amounts in its financial statements: Number of common shares Net income Cash dividends paid on common stock Total stockholders' equity Year 1 11,600 $ 24,360 $ 3,100 $250,000 Year 2 11,600 $ 19,360 $ 3,100 $ 230,000 Calculate EPS and ROE for year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.)

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