Attached, find an Accounting 4Mini Cases. All of then include detailed information and the requirements. Each of them need to be completed by separate. It can be done using Word or Excel. (showing the correct tables to display the requirements).

Case 4 [THOMSON CORPORATION] Thomson Corporation Stockholder's Equity December 31, 2013 Common stock (40,000 authorized, 25,000 issued and outstanding with par value of $10 per share.) Excess paid in capital on common stock Retained Earnings $ 250,000.00 $ 125,000.00 $ 500,000.00 Total stockholder's equity $ 875,000.00 During the current year, Thomson had the following stock transactions: The company authorizes the sale of 10% preferred stock, 50,000 shares at par value of $50. Sold 20,000 shares of preferred stock at $75 per share. Purchased 5,000 shares of common stock at $20 per share for cash. Declared and distributed a 2% stock dividend to common stockholders when market price was $25 per share. Declared and paid $90,000 in cash dividends to common and preferred stockholders. Sold 2,000 shares of treasury stock at $16 per share. Net loss is $134,000. Required: 1. Prepare the stockholder's equity section of the balance sheet for yearend 2013. Fall 2014-1 Case 1 [ART SPECIALISTS, INC.] Jefferson Jerome is interested in purchasing \"Art Specialists Inc.\Case 2 [JACOBIAN STEEL Jacobian Steel Manufacturing sells bulk steel products for maritime construction. The company has used the allowance method for estimated bad debts for several years. Specifically they estimate that 6% of credit sales will go bad each year. Over the past several years, Jacobian has seen that year-end allowance account has a debit balance before adjustment. The company wants an in-depth analyzes of bad debts and a determination as to which method to use. You have been hired to perform the study. During your review of their financial records, the following data becomes available. Credit Sales: Year 2010 2011 2012 Total Sales $1,000,000 $1,800,000 $2,000,000 % on credit 60% 70% 75% Write offs: Year 2010 2011 2012 Bad debts written off $52,000 $96,000 $60,000 Allowance Balance on December 31, 2005 before adjustment: Year Balance 2010 $6,000 2011 $42,000 2012 $12,000 Aging of Accounts Receivable: 2012 Accounts Receivable Not due $250,000 1-30 past due $110,000 31-60 $140,000 61- 90 $90,000 Over 90 days $40,000 Percentage uncollectible 6% 15% 20% 30% 60% Considering also using percentage of accounts receivable balance to compute estimated uncollectible for period. Jacobian considers using 12%. Created by M. Mari Fall 2014 Page 1 of 2 Case 2 [JACOBIAN STEEL Accounts Receivable Balance: Year 2010 2011 2012 Year end Balance $365,000 $425,000 $630,000 Which method should they use and why? Calculate bad debts under each method and find the method closest to the actual bad debts. Created by M. Mari Fall 2014 Page 2 of 2 Case 3 [MALLORY CORPORATION] On December 31, 2013, the Mallory Corporation had the following activity in its fixed assets record. Assume all assets were purchased on January 1. Equipment Cost Salvage Date Life Method of Depreciation Machine 1 $65,000 $5,000 2012 5 DDB Building #3 $900,000 not including $50,000 2004 25 S/L land Mine 316 $1,000,000 $0 2010 1,000,000 30,000 tons extracted tons Mine 682 $500,000 $100,000 2011 40,000 6,000 barrels extracted barrels Patent $50,000 0 2010 17 Truck 1 $35,000 $3,000 2010 200,000 Units of production: total miles miles depreciated to date are 60,000 as of January 1, 2006. Miles this year 30,000 Truck 2 $50,000 $5,000 2009 150,000 Units of production, miles this miles year are 15,000 Truck 3 $75,000 $10,000 2008 200,000 Units of production: total miles miles depreciated to date are 180,000 as of January 1, 2006. Miles in 2006 are 30,000 miles. Machine 2 $100,000 $5,000 2003 10 S/L REQUIRED: Compute the depletion, amortization, and depreciation expense on December 31, 2013 for each asset listed above. Record the entries for the assets above Suppose that we sold machine 2 for $50,000, record the entry Suppose that the building life increased from 25 years to 30 years, revise the depreciation and prepare the entry. Suppose that the corporation spent $20,000 in 2013 to defend the patent. Record the entry. Created by M. Mari Fall 2014 Page 1 of 1