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Can someone please correct my answers if they're wrong? roblem 1 (10 points On December 1, 2017, Gilman Corporation borrowed $30,000 on a three month,
Can someone please correct my answers if they're wrong?
roblem 1 (10 points On December 1, 2017, Gilman Corporation borrowed $30,000 on a three month, 6% note payable. All payments are due on March 1, 2018. Prepare the entries to record the issuance of the note, the accrual of interest at year end, and the payment of the note Znteres hpense4S NIP Cash 30,000 30000 30000 cash 30,450 Problenm The following data is available for Blaine Corporation at December 31, 2017 Common stock, par $6 (authorized 40,000 shares) Paid-in Capital In Excess Of Par Retained earnings Treasury Stock (at cost $15 per share) $24,000 220,000 39,000 60,000 (a) How many shares have been issued? 4,000 (b) At what price were the shares issued? (c) How many shares of its own stock has Blaine bought? 4,000 (d) How many shares are outstanding? (e) How much is total stockholders' equity? 223,000Step by Step Solution
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