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accounting hw question Required information [The following information applies to the questions displayed below) Treat each case as being independent from the other cases. (FV
accounting hw question
Required information [The following information applies to the questions displayed below) Treat each case as being independent from the other cases. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Cose A: The charter for Rogers, Incorporated, authorized the following stock: Common stock, $10 par value, 105,000 shares authorized Preferred stock (noncumulative). 10 percent $9 par value, 4,200 shares authorized The company sold 41,000 shares of common stock and 3.200 shares of preferred stock. During the year, the following selected transactions were completed in the order given: Required: 1. Rogers declared and paid dividends in the amount of $12,000. How much was paid to the holders of preferred stock? How much was paid to the common stockholders? 2. Rogers repurchased 5.200 shares of common stock. After this transaction, how many shares of common stock were outstanding? 3. Provide the journal entry if Rogers sold 1.400 shares of treasury stock for $20 per share. The treasury stock was repurchased at $15 per share BOO per te Complete this question by entering your answers in the tabs below. Print Heerences Required: Required Required Rogers declared and paid dividends in the amount of $12,000. How much was paid to the holders of preferred stock? How much was paid to the common stockholders? Preferred stock dividend Common stock dividend CH Required 2 > Complete this question by entering your answers in the tabs he tabs below. Required 1 References Required 2 Required Rogers repurchased 5,200 shares of common stock. After this transaction, how many shares of common stock were outstanding? Shares outstanding 125 View transaction list 02:14:20 Journal entry worksheet Supo Record the sale of treasury stock. Pant Note: the detits before credits Debit General Journal Transaction Credit D References Record entry Clear entry View general journal Ch 11 End of Week HW Required information [The following information applies to the questions displayed below) Treat each case as being independent from the other cases. (Ey of $1. PV of S1. FVA of S1, and PVA of S1) (Use the appropriate factor(s) from the tables provided.) Case B: Ospry, Inc., has working capital in the amount of $970,000 Required: For each of the following transactions, determine whether working capital will increase, decrease or remain the same 1. Poid accounts payable in the amount of $12.000 2. Recorded rent payable in the amount of $23.000 3. Collected $5,200 in accounts receivable 4. Purchased $22,000 of new inventory for cash Change 1. Working capital (Accounts Payable) 2. Working capital (Rent Payable) 3. Working capital (Accounts Receivable) 4. Working capital (Inventory) Required information [The following information applies to the questions displayed below.] Treat each case as being independent from the other cases. (FV of $1. PV of $1. EVA of $1, and PVA of $1 (Use the appropriate factor(s) from the tables provided.) Case C. James Corporation is planning to issue $1,020,000 worth of bonds with a coupon rate of 6 percent. The bonds mature in 10 years and pay interest annually. All of the bonds were sold on January 1 of this year. Required: 1. Assume market (yield) rate, 6 percent. Compute the issue (sale) price on January 1 of this year. 2. Assume market (yield) rate, 5 percent. Compute the issue (sale) price on January 1 of this year. 3. Assume market (yield) rate 4 percent. Compute the issue (sale) price on January 1 of this year. 1. 2 Issue price Issue price Issue price 3. Required information [The following information applies to the questions displayed below) Treat each case as being independent from the other cases. (FV of $1. PV of $1., FVA of Si, and PVA of 51 (Use the appropriate factor(s) from the tables provided.) Case D: Miller Bikes is a national chain of upscale bicycle shops. The company has followed a successful strategy of locating near major universities. Miller has the opportunity to expand into several new markets but must raise additional capital. The company has engaged in the following transactions: Issued 45.200 additional shares of common stock. The stock has a $1 par value. The shares sold for $30 per share Issued bonds. These bonds have a face value of $1.020,000 and a coupon rate of 15 percent. The bonds mature in 10 years and pay interest semiannually. When the bonds were issued the annual market rate of interest was 7 percent. Required: 1. Record the sale of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Record the issuance of the stock. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Step by Step Solution
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