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Create the statment of stockholders equity please. Financial Accounting - Project 2 Name 150 points Part 1 instructions Recond the following joumal entries for ABC

Create the statment of stockholders equity please. image text in transcribed
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Financial Accounting - Project 2 Name 150 points Part 1 instructions Recond the following joumal entries for ABC Corporation on the journal in the provided Student input Form (Excel fie). Use the letter for each as the date Requirements and Basic instructions: 1. Each student should complete the project on an individual basis. Tutors and others are not allowed to help students on the project. If a project is not completed on an independent, individual basis, the student will receive zero points for the project. 2. Instructors can only answer questions on the project in general. 3. Students should complete the project and tum t in to the dropbox by the due date. The instructor reserves the right to not accept late projects or deduct points on projects turned in past the due date. 4. There are different versions of the project that wall be assigned (course maled) by the instructor. 5. By submitting in the Canvas dropbox you aro "signing" that you have followed the instructions above. Joumal Entrios. A. Issued 5500 shares of $10 par common stock at \$11, recelving cash. (6 points) B. Issued $110000 of 10 year 10% bonds at a market (effective) interest rate of 9%. with interest payable somiannualy. (6 points) Use the Present Value Tables in Appendix A of text book. Round at calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock On date of declaration, 17600 shares of common stock were outstanding. (3 points) D. Paid cash dividend from (c) above. (2 points) E. Purchased 6600 shares of Jones Company for $10 per share, plus $3300 commission. Our company purchased less than 20% of the outstanding stock of Jones Company. (3 points) F. Declared a 5% stock dividend on the $10 par common stock when the (6 points) market price was $25 per share. There were 17600 Shares culstanding G. Distrbuted the stock cividends declared in (F). (2 points) H. Purchased $5000 of 5% bonds at par. (3 points) Interest is payable semiannally. 1. Purchased 330 shares of treasury common stock for $12 per share. (B points) J. Recoived semiannual interest from bonds purchased in (i). (3 points) K. Recelved a total casti dividend of $660 from Jones Company. (3 peints) L. Rocoived a $1100 aividend from our investment in Nasco Company stock. This investment is accounted for under the equity method (3 points) anso \begin{tabular}{ll} \hline Pact hatrucions. & Page 2 \\ \hline \end{tabular} expented Q prowe in enand a hered 16 poines Wher in good tom for ithe year endes Dece-ber 31, 20x

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