Pass the journal entries: Journal Entries A. Issued 1500 shares of $10 par common stock at $11,

Pass the journal entries:

  

 

 

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Journal Entries A. Issued 1500 shares of $10 par common stock at $11, receiving cash. B. Issued $ 30000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Use the Present Value Tables in Appendix A of text book. Round all calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock. On date of declaration, 4800 shares of common stock were outstanding. D. Paid cash dividend from (c) above. E. Purchased 1800 shares of Jones Company for $10 per share, plus $900 commission. Our company purchased less than 20% of the outstanding stock of Jones Company. F. Declared a 5% stock dividend on the $10 par common stock when the market price was $ 25 per share. There were 4800 Shares outstanding. G. Distributed the stock dividends declared in (F). H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. 1. Purchased 90 shares of treasury common stock for $12 per share. J. Received semiannual interest from bonds purchased in (H). K. Received a total cash dividend of $180 from Jones Company. L. Received a $300 dividend from our investment in Masco Company stock. This investment is accounted for under the equity method. (6 points) (6 points) (3 points) (2 points) (3 points) (6 points) (2 points) (3 points) (3 points) (3 points) (3 points) (3 points) Journal Entries A. Issued 1500 shares of $10 par common stock at $11, receiving cash. B. Issued $ 30000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Use the Present Value Tables in Appendix A of text book. Round all calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock. On date of declaration, 4800 shares of common stock were outstanding. D. Paid cash dividend from (c) above. E. Purchased 1800 shares of Jones Company for $10 per share, plus $900 commission. Our company purchased less than 20% of the outstanding stock of Jones Company. F. Declared a 5% stock dividend on the $10 par common stock when the market price was $ 25 per share. There were 4800 Shares outstanding. G. Distributed the stock dividends declared in (F). H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. 1. Purchased 90 shares of treasury common stock for $12 per share. J. Received semiannual interest from bonds purchased in (H). K. Received a total cash dividend of $180 from Jones Company. L. Received a $300 dividend from our investment in Masco Company stock. This investment is accounted for under the equity method. (6 points) (6 points) (3 points) (2 points) (3 points) (6 points) (2 points) (3 points) (3 points) (3 points) (3 points) (3 points)

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A Cash 11500 Common Stock 10000 B Cash 27000 Bond Interest Expense 300 Bonds ... View the full answer