Record the following journal entries for ABC Corporation on the journal in the provided Student Input Form (Excel file). Use the letter for each as the date. Journal Entries A.

   

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Journal Entries A. Issued 1000 shares of $10 par common stock at $11, receiving cash. (6 points) B. Issued $ 20000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Use the Dollar and Annuity Tables in Appendix A of text book. Round all calculations to the nearest dollar. (6 points) C. Declared a dividend of $0.25 per share on common stock. On date of record, 3200 shares of common stock were outstanding. (3 points) D. Paid cash dividend from (c) above. (2 points) E. Purchased 1200 shares of Jones Company for $10 per share, plus $600 commission. The investment is classified as a trading investment. (3 points) F. Declared a 5% stock dividend on the $10 par common stock when the Market price was $ 25 per share. There were 3200 Shares outstanding. (6 points) G. Distributed the stock dvidends declared in (F). (2 points) (3 points) H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. I. Purchased 60 shares of treasury common stock for $12 per share. (3 points) Journal Entries A. Issued 1000 shares of $10 par common stock at $11, receiving cash. (6 points) B. Issued $ 20000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Use the Dollar and Annuity Tables in Appendix A of text book. Round all calculations to the nearest dollar. (6 points) C. Declared a dividend of $0.25 per share on common stock. On date of record, 3200 shares of common stock were outstanding. (3 points) D. Paid cash dividend from (c) above. (2 points) E. Purchased 1200 shares of Jones Company for $10 per share, plus $600 commission. The investment is classified as a trading investment. (3 points) F. Declared a 5% stock dividend on the $10 par common stock when the Market price was $ 25 per share. There were 3200 Shares outstanding. (6 points) G. Distributed the stock dvidends declared in (F). (2 points) (3 points) H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. I. Purchased 60 shares of treasury common stock for $12 per share. (3 points)

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Answer Transaction General Journal Debit Credit A Cash 11000 Common Stock 10000 Paidin Capital in Ex... View the full answer