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Chapter 12: PR 12-1A on pages 572 - 573.Please use the attached template that is provided to dothis problem. Chapter 13:PR 13-4Aon page616 -617. Please
Chapter 12: PR 12-1A on pages 572 - 573.Please use the attached template that is provided to dothis problem.
Chapter 13:PR 13-4Aon page616 -617. Please use the attached template that is provided to dothis problem.
Problem 12-1A Name: Section: Score: 0% Key Code: Instructions [Key code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. 1. Aug. 1 1 2. COLE AND LANDERS Balance Sheet August 1, 2012 Assets Current assets: Problem 13-4A Name: Section: Score: 0% Key Code: [Key Instructions code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. In T accounts, only final balances will be graded. Enter a zero for the final balance if appropriate. 1., 2. Common Stock Jan. 1 Bal. Treasury Stock Jan. 1 Bal. Dec. 31 Bal. Dec. 31 Bal. Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Stated Value Jan. 1 Bal. Dec. 31 Bal. Stock Dividends Distributable Dec. 31 Bal. Dec. 31 Bal. Retained Earnings Jan. 1 Bal. Stock Dividends Dec. 31 Bal. Dec. 31 Bal. Cash Dividends Dec. 31 Bal. 2. Jan. 4 Apr. 3 June 6 July 1 Aug. 15 Nov. 10 Dec. 27 31 31 3. TOLBERT ENTERPRISES INC. Retained Earnings Statement For the Period Ended December 31, 2012 Retained earnings (January 1, 2012) Net income Less: Cash dividends Stock dividends Increase in retained earnings Retained earnings (December 31, 2012) 4. TOLBERT ENTERPRISES INC. Balance Sheet December 31, 2012 Stockholders' Equity Paid-in capital: Common stock, $10 stated value (600,000 shares authorized, 494,000 shares issued) Excess of issue price over stated value From sale of treasury stock Total paid-in capital Retained earnings Total Deduct treasury stock (25,000 shares at cost) Total stockholders' equityStep by Step Solution
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