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can someone help me with these questions please? thanks! XCIO Question 18 On January 2, 2018. Luther Sales issued $10,000 in bonds for $9.400. They
can someone help me with these questions please? thanks!
XCIO Question 18 On January 2, 2018. Luther Sales issued $10,000 in bonds for $9.400. They were 5-year bonds with a stated rate of 4%, and pay semiannual interest Mahoney Sales uses the straight-line method to amortize bond discount. Prepare the journal entry at maturity when bond liability is paid - January 2, 2023 CR BIVA-I EE 32. XEE Ti 12pt - Paragraph . QWERTY 0 1 0 A S D F G H J K Canvas -> XCIO hort Answer Questions follow instructions for each question Show calculations for partial credit Question 19 5 pts Michael, Inc. is authorized to issue 50,000 shares of $50 par value, 8% cumulative, preferred stock and 750,000 shares of $5 par value common stock On December 1. declared $1.00 per share cash dividend on 96,000 shares common stock outstanding. Prepare a journal entry to record the following transaction that occurred during the first year of operations. If no entry is required, indicate "No Entry Required Jan. 10 Sold 96.000 shares of common stock for $10 a share BIVA-IEE m. v 11.12 - Paragrag Jo W E R T Y U FRA S D F G H J K Canvas EXCIO Multie.Choice Question select best answer Short Answer Questions follow instructions for each question Show calculations for partial credit. D Question 20 Michael, Inc. is authorized to Issue 50.000 shares of $50 par value, 8% cumulative, preferred stock and 750.000 shares of $5 par value common stock On December 1, declared $100 pershare cash dividend on 26,000 shares common stock outstanding. Prepare a journal entry to record the following transaction that occurred during the first year of operations. If no entry is required, indicate 'No Entry Required." June 1 Sold 10,000 shares of preferred stock for $60 a share BIVA- - 2 XE + Q W E RT Y U TO F G H J K u to-follow instructions for each question show calculations for partial credit A Question 21 Michael Inc. is thered to 50.000 shares of $50 para o cut e preferred stock and 750.000 shares of 55 par le common stock On December 1, declared $1.00 per share cash dividend on 96.000 shares common stock outstanding Prepare a journal entry to record the following transaction that occurred during the first year of operations. If no entry is required, indicate "No Entry Required On December 1, declared $1.00 per share cash dividend on 96,000 shares.com BIVA-H-IEE m. 2 5 . ape W ER TY U 1 0 F G H J I Canvas XCIOD Multi Choke Question select best answer Short Answer Questions follow instructions for each question. Show calculations for partial credit Question 22 Michelin, authorized to issue 50.000 shares of $50 per value cumulative preferred stock and 750.000 shares of $5 pare common stock On December 1 edered $100 pershare cash dividend on 9.000 shares common stock outstanding. Prepare a journal entry to record the following transaction that occurred during the first year of operations. If no entry is required indicate "No Entry Required December 15, cash dividend date of record CR BIWAN-LEX - 2 E 15. P- 5 6 WER R. . D HJ KL V B N M Canvas XCIO Mile Choice Questions select best answer bortswer Ouestions follow instructions for each question Show calculations for partial credit Question 23 5 pts Michael, Inc. is authorized to issue 50.000 shares of $50 per value, 8% cumulative, preferred stock and 750.000 shares of $5 par value common stock On December 1, declared $1.00 per share cash dividend on 96.000 shares.common stock outstanding Prepare a journal entry to record the following transaction that occurred during the first year of operations. If no entry is required, indicate No Entry Required 1. On January 1 the cash dividend was paid to shareholders O W E RT Y U 10 A S D F G H J K Step by Step Solution
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