Dear Tutor Thank you for your response. Please do not do question #4 because it takes long time to solve it I think, I can do it by my self. Thanks 
Question 1 On January 1, 2009, Clintwood Corporation issued a $50,000, tenyear, 6% bond payable (interest payable semi annually on June 30 and December 31). For the three assumptions below, complete the following schedule assuming the accounting year ends December 31, and straightline amortization is used: D. Provide the June 30 and December 31, 2009 journal entries to record interest expense and the payment of interest. Question 2 Matthew is considering several possible investment alternatives: Option A: Matthew could receive $8,000 today. Option B: Matthew could receive $2,500 at the end of each of the next four years. Option C: Matthew could receive $12,000 five years from now. Required: Calculate the net present value for each option assuming that Matthew can earn 7 percent on any investment funds. 2. Which option results in the greatest financial benefit to Matthew? 3. If Matthew earns 10 percent, will that change your answer to # 2 above? Please explain. 1. Question 3 RecordingTransactions Affecting Stockholders' Equity GeraldCompany was granted a charter that authorized the following capital stock: Commonstock: 100,000 shares, par value per share is $40. Preferredstock: 8 percent, par $5, 20,000 shares. Duringthe first year, 2009, the following selected transactions occurred in the order given: a. Sold30,000 shares of the common stock at $40 cash per share and 5,000 shares of the preferred stockat $26 cash per share. b. Issued2,000 shares of preferred stock when the stock was selling at $32. c. Repurchased 3,000 shares of the common stock sold earlier; paid cash, $38 per share. Required: Provide the journal entries necessary for each transaction Prepare the stockholder's equity section of the balance sheet at December 31, 2009. Question 3: Recording Transactions Affecting Stockholders' Equity Gerald Company was granted a charter that authorized the following capital stock: Common stock: 100,000 shares, par value per share is $40. Preferred stock: 8 percent, par $5, 20,000 shares. During the first year, 2009, the following selected transactions occurred in the order given: a. Sold30,000 shares of the common stock at $40 cash per share and 5,000 shares of the preferred stock at $26 cash per share. b. Issued2,000 shares of preferred stock when the stock was selling at $32. c. Repurchased 3,000 shares of the common stock sold earlier; paid cash, $38 per share. Required: Provide the journal entries necessary for each transaction Prepare the stockholder's equity section of the balance sheet at December 31, 2009. NOTE: The below are two examples of Stockholders' Equity. Would you please redo the answer for this question because I want the same format for this question? Example 1: Stockholders' Equity Contributed capital: Common stock, par $1, authorized 200,000 shares; issued 100,000 shares, of which 15,000 shares are held as treasury stock...................... $ 100,000 Contributed capital in excess of par............................................................. 1,115,000 Total contributed capital............................................................................ $1,215,000 Retained earnings............................................................................................ 475,000 Less: Treasury stock held (15,000 shares x $15)........................................ (225,000) Total stockholders' equity............................................................................. $1,465,000 Example 2: Stockholders' Equity Contributed capital: Common stock, par $5, authorized 1,000,000 shares; issued 700,000 shares, of which 25,000 shares are held as treasury stock...................... $ 3,500,000 Contributed capital in excess of par, common............................................. 34,300,000 Total contributed capital............................................................................ 37,800,000 Retained earnings............................................................................................ 429,000 Total.......................................................................................................... 38,229,000 Less: Treasury stock held (25,000 shares x $50)........................................ (1,250,000) Total stockholders' equity............................................................................. $36,979,000 Question 3: Recording Transactions Affecting Stockholders' Equity Gerald Company was granted a charter that authorized the following capital stock: Common stock: 100,000 shares, par value per share is $40. Preferred stock: 8 percent, par $5, 20,000 shares. During the first year, 2009, the following selected transactions occurred in the order given: a. Sold30,000 shares of the common stock at $40 cash per share and 5,000 shares of the preferred stock at $26 cash per share. b. Issued2,000 shares of preferred stock when the stock was selling at $32. c. Repurchased 3,000 shares of the common stock sold earlier; paid cash, $38 per share. Required: Provide the journal entries necessary for each transaction Prepare the stockholder's equity section of the balance sheet at December 31, 2009. NOTE: The below are two examples of Stockholders' Equity. Would you please redo the answer for this question because I want the same format for this question? Example 1: Stockholders' Equity Contributed capital: Common stock, par $1, authorized 200,000 shares; issued 100,000 shares, of which 15,000 shares are held as treasury stock...................... $ 100,000 Contributed capital in excess of par............................................................. 1,115,000 Total contributed capital............................................................................ $1,215,000 Retained earnings............................................................................................ 475,000 Less: Treasury stock held (15,000 shares x $15)........................................ (225,000) Total stockholders' equity............................................................................. $1,465,000 Example 2: Stockholders' Equity Contributed capital: Common stock, par $5, authorized 1,000,000 shares; issued 700,000 shares, of which 25,000 shares are held as treasury stock...................... $ 3,500,000 Contributed capital in excess of par, common............................................. 34,300,000 Total contributed capital............................................................................ 37,800,000 Retained earnings............................................................................................ 429,000 Total.......................................................................................................... 38,229,000 Less: Treasury stock held (25,000 shares x $50)........................................ (1,250,000) Total stockholders' equity............................................................................. $36,979,000 Question 3: Recording Transactions Affecting Stockholders' Equity Gerald Company was granted a charter that authorized the following capital stock: Common stock: 100,000 shares, par value per share is $40. Preferred stock: 8 percent, par $5, 20,000 shares. During the first year, 2009, the following selected transactions occurred in the order given: a. Sold30,000 shares of the common stock at $40 cash per share and 5,000 shares of the preferred stock at $26 cash per share. b. Issued2,000 shares of preferred stock when the stock was selling at $32. c. Repurchased 3,000 shares of the common stock sold earlier; paid cash, $38 per share. Required: Provide the journal entries necessary for each transaction Prepare the stockholder's equity section of the balance sheet at December 31, 2009. NOTE: The below are two examples of Stockholders' Equity. Would you please redo the answer for this question because I want the same format for this question? Example 1: Stockholders' Equity Contributed capital: Common stock, par $1, authorized 200,000 shares; issued 100,000 shares, of which 15,000 shares are held as treasury stock...................... $ 100,000 Contributed capital in excess of par............................................................. 1,115,000 Total contributed capital............................................................................ $1,215,000 Retained earnings............................................................................................ 475,000 Less: Treasury stock held (15,000 shares x $15)........................................ (225,000) Total stockholders' equity............................................................................. $1,465,000 Example 2: Stockholders' Equity Contributed capital: Common stock, par $5, authorized 1,000,000 shares; issued 700,000 shares, of which 25,000 shares are held as treasury stock...................... $ 3,500,000 Contributed capital in excess of par, common............................................. 34,300,000 Total contributed capital............................................................................ 37,800,000 Retained earnings............................................................................................ 429,000 Total.......................................................................................................... 38,229,000 Less: Treasury stock held (25,000 shares x $50)........................................ (1,250,000) Total stockholders' equity............................................................................. $36,979,000
