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1. Journalize the entries to record the following selected transactions of Oliver Co.: ( (a) Purchased $100,000 of Kruse Co. 8% bonds at par
1. Journalize the entries to record the following selected transactions of Oliver Co.: ( (a) Purchased $100,000 of Kruse Co. 8% bonds at par value plus accrued interest of $2,000. Received first semiannual interest payment. (b) (c) Sold the bonds at 97 plus accrued interest of $1,500. 2. At December 31st, the Jeter Company had the following ending balances; Retained Earnings - $100,000 Preferred Stock ($100 par, 7% cumulative, 10,000 authorized, 5,000 issued and outstanding) - 500,000 Treasury stock - $35.000 Additional paid in capital - common stock - 400,000 Additional paid in capital - preferred stock - 50,000 Common stock ($5.00 par value. 100,000 shares authorized, 60,000 issued) - 300,000 Prepare the stockholders equity section of the balance sheet in good form with all of the required disclosures.. On January 1, 2011 a company had the following data: - issued 10,000 shares of $2.00 par value common stock for $12.00 per share -issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share - purchased 1,000 shares of previously issued common stock for $15.00 per share The company had the following dividend information available: 2011 No dividend paid 2012 Paid a $2.000 total dividend 2013 Paid a $17,000 total dividend 2014 paid a $32,000 total dividend Using the following format, fill in the correct values for each year; Common stock dividend Preferred stock dividend Dividends in arrears Preferred Dividend per Share Common Dividend per Share 2011 2012 2013 2014
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