800 etained Earnings on January 1.2 2013 Dividends declared December 5, 2 January 4, 2014 Given Data P21 02A CORPORATION ,000 106 250.0o Buildings Accumulated Dep-Building Equipmen ted Do Dividends Payable-Preferrea Dividends Payable-Common Accrued Expenses Payable ncome Tax Payable Paid-I Commpital In Excess of Par Value preferre Retained Earnings Sales (Not) Purchases Preferred Stock, 12% 12.8 800 .000 Selling Expenses (Control) General Expenses (Control) Amortization of Organization Costs Income Tax E)pense Income Summary 070 Totals Additional Informatiorn 105,000 Ending Merchandise Inventory 10 ,000 2,500 Depreciation of buildings Selling Expense General Expense 17 ,000 Depreciation of equipment 8,000 Selling Expense General Expense 6 000 2.,000 Accrued Expenses Selling Expense General Expense Change in Allowance for Doubtful Accounts s 69200 Quarterly tax deposits Adjusting Entries Post Rot NA Closing Entrios Date 2013 Description Dec. was nalyze: The amount of net income before taxes is The percentage of annual income before taxes spent on dividonas Cost ot Goods Sold January 1,2013 31,2013 Dec 31,2013 BRUIN CORPORATION Balance Sheet January 31, 2013 Accounts Recevable Less Allowance for Doubtful Accounts Liabilities and Stockholders' Equity Accounts Payable Dividends Payable-Preferred income Tax Payable Total Current Labilities Equity Stockholders 5000 shares authorized) issued and Outstanding, 1,600 shares Pad-in Capital in Excess of Par Value Common Stock ($10 par value ssued and Outstanding, 24,000 shs Retained Eanings Balance, January 1,2013 Add Net Income for Year Earnings, Dec 31, 2013 Equity Dec 31. 2013 Equity Stustant Name RUINorkenaotr 31. 201 Ended Decembor for ooubtfur Accts ated Dep. - Buildings Equipment Dep Equipment Payable Dividenas Pay Dividends Paya ble-Common s Payable Tax Payable Stock, 12% Paid- Common Stock Rotainod Earnings in Cap In Excoss of Par Value Sales (Not) Selling Expenses (Control) General Expenses (C ontrol) Amortization of Organization Costs Income Summary Totals Net Income Given Data P2o.O2A Balance Sheot Equity Section December 31, 2013 HATTEN CORPORATION Stockholders' Equity Preferred Stock (9% cumulative ar value, 75 000 , $50 p 2,000 shares authorized) At Par (1.500 shares issued) Common Stock (no-par value, with 350 000 of $25, 20,000 shares authorized At Stated Value (14,000 shares issu d) Part I Additional Information 2011 2012 24.000 Years for which dividends have not been paid: Dividend declared after completion o f year 2013 Part II Additional Information n of year 2013 90,000 Dividend declared after completion of ye Student ame Problem 20.02A HATTEN CORPORATION Part I 1. AI preforred for dividends in arrears 2011 Dividend 2012 Dividend 2013 Dividend 13 dends to preferred stockholders d on 2. Dividen 3. Di each share of preferred stock vidend available to common ividend on each share of commo n stockolders are of common stock 5. Total dividends dividen ds due for 2011, 2012, and 2013 f ess amount paid in 2013 Arrearage to be carried forwara to Part II 1. 2011 Dividend 2012 Dividend 2013 Dividend Total di vidends to preferred stockholde Dividend on each share of preferred stock 2. Total dividends paid Dividend available to common sto 3. Dividend on each share of common 4. Total dividends due for 2011, 2012, a Less amount paid in 2013 Arrearage t o be carried forward to future years nalyze: Amount d ue preferred stockholders at $50,000 Given Data P20.01A WILSON CORPORATION Stock and Dividend Information Common: Shares Par-value 40,000 10 Preferred Shares Par-value Dividend rate 2,000 60 20.00% 4,000 6,000 S 110,000 2013 Dividend 2014 Dividend 2015 Dividend Student Name Problom 20.01A WILSON CORPORATION Tota ase A All dividends to Preferred All dividends to Preferred 10% to Preferred-Balanco to Common Case B All dividends to Preferred $1000 Ar rearage to Preferred- balance to Preferred rrearage to Preferred-10% preference to 00 Arre ba Preferred balance to Common Computation of 2015 dividend Arrearage from 2013 & 2014 2015 Preferred dividend Totals pa Analyze: How much in total dividends s should be paid to the stockholder for the fiscal year, 2015? 800 etained Earnings on January 1.2 2013 Dividends declared December 5, 2 January 4, 2014 Given Data P21 02A CORPORATION ,000 106 250.0o Buildings Accumulated Dep-Building Equipmen ted Do Dividends Payable-Preferrea Dividends Payable-Common Accrued Expenses Payable ncome Tax Payable Paid-I Commpital In Excess of Par Value preferre Retained Earnings Sales (Not) Purchases Preferred Stock, 12% 12.8 800 .000 Selling Expenses (Control) General Expenses (Control) Amortization of Organization Costs Income Tax E)pense Income Summary 070 Totals Additional Informatiorn 105,000 Ending Merchandise Inventory 10 ,000 2,500 Depreciation of buildings Selling Expense General Expense 17 ,000 Depreciation of equipment 8,000 Selling Expense General Expense 6 000 2.,000 Accrued Expenses Selling Expense General Expense Change in Allowance for Doubtful Accounts s 69200 Quarterly tax deposits Adjusting Entries Post Rot NA Closing Entrios Date 2013 Description Dec. was nalyze: The amount of net income before taxes is The percentage of annual income before taxes spent on dividonas Cost ot Goods Sold January 1,2013 31,2013 Dec 31,2013 BRUIN CORPORATION Balance Sheet January 31, 2013 Accounts Recevable Less Allowance for Doubtful Accounts Liabilities and Stockholders' Equity Accounts Payable Dividends Payable-Preferred income Tax Payable Total Current Labilities Equity Stockholders 5000 shares authorized) issued and Outstanding, 1,600 shares Pad-in Capital in Excess of Par Value Common Stock ($10 par value ssued and Outstanding, 24,000 shs Retained Eanings Balance, January 1,2013 Add Net Income for Year Earnings, Dec 31, 2013 Equity Dec 31. 2013 Equity Stustant Name RUINorkenaotr 31. 201 Ended Decembor for ooubtfur Accts ated Dep. - Buildings Equipment Dep Equipment Payable Dividenas Pay Dividends Paya ble-Common s Payable Tax Payable Stock, 12% Paid- Common Stock Rotainod Earnings in Cap In Excoss of Par Value Sales (Not) Selling Expenses (Control) General Expenses (C ontrol) Amortization of Organization Costs Income Summary Totals Net Income Given Data P2o.O2A Balance Sheot Equity Section December 31, 2013 HATTEN CORPORATION Stockholders' Equity Preferred Stock (9% cumulative ar value, 75 000 , $50 p 2,000 shares authorized) At Par (1.500 shares issued) Common Stock (no-par value, with 350 000 of $25, 20,000 shares authorized At Stated Value (14,000 shares issu d) Part I Additional Information 2011 2012 24.000 Years for which dividends have not been paid: Dividend declared after completion o f year 2013 Part II Additional Information n of year 2013 90,000 Dividend declared after completion of ye Student ame Problem 20.02A HATTEN CORPORATION Part I 1. AI preforred for dividends in arrears 2011 Dividend 2012 Dividend 2013 Dividend 13 dends to preferred stockholders d on 2. Dividen 3. Di each share of preferred stock vidend available to common ividend on each share of commo n stockolders are of common stock 5. Total dividends dividen ds due for 2011, 2012, and 2013 f ess amount paid in 2013 Arrearage to be carried forwara to Part II 1. 2011 Dividend 2012 Dividend 2013 Dividend Total di vidends to preferred stockholde Dividend on each share of preferred stock 2. Total dividends paid Dividend available to common sto 3. Dividend on each share of common 4. Total dividends due for 2011, 2012, a Less amount paid in 2013 Arrearage t o be carried forward to future years nalyze: Amount d ue preferred stockholders at $50,000 Given Data P20.01A WILSON CORPORATION Stock and Dividend Information Common: Shares Par-value 40,000 10 Preferred Shares Par-value Dividend rate 2,000 60 20.00% 4,000 6,000 S 110,000 2013 Dividend 2014 Dividend 2015 Dividend Student Name Problom 20.01A WILSON CORPORATION Tota ase A All dividends to Preferred All dividends to Preferred 10% to Preferred-Balanco to Common Case B All dividends to Preferred $1000 Ar rearage to Preferred- balance to Preferred rrearage to Preferred-10% preference to 00 Arre ba Preferred balance to Common Computation of 2015 dividend Arrearage from 2013 & 2014 2015 Preferred dividend Totals pa Analyze: How much in total dividends s should be paid to the stockholder for the fiscal year, 2015