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hello can someone please solve this AsAP Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends
hello can someone please solve this AsAP
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the end of the year, and 530 additional shares of common stock (\$0.10 par value per share) were issued at the end of the year for $2,120 in cash (for a total at the end of the year of 850 shares). These effects are included below: Prepare a multistep income statement for the current year. Note: Round your earnings per share to 2 decimal places Prepare a multistep income statement for the current year. Note: Round your earnings per share to 2 decimal places For each of the following transactions (a) through (c) for Catena's Marketing Company, prepare the adjusting entry at the end of the current year, December 31. The process includes (1) determining if revenue was earned or an expense was incurred and (2) determining whether cash was received or paid in the past or will be received or paid in the future. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar value. a. Estimated electricity usage at $220 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $5,700 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 11 percent. c. Owed wages to 30 employees who worked five days at $280 each per day at the end of the current year. The company will pay employees at the end of the first week of next year. Journal entry worksheet Prepare the adjusting entry needed at December 31. Estimated electricity usage at $220 for December; to be paid in January of next year. Note: Enter debits before credits: current year, December 31 . The process includes (1) determining if revenue was earned or an expense wa determining whether cash was received or paid in the past or will be received or paid in the future. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first acco answers to nearest whole dollar value. a. Estimated electricity usage at $220 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $5,700 to an officer who will repay the loan principal anc annual interest rate of 11 percent. c. Owed wages to 30 employees who worked five days at $280 each per day at the end of the current employees at the end of the first week of next year. Journal entry worksheet Prepare the adjusting entry needed at December 31 . On September 1 of the current year, loaned $5,700 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 11 percent. Note: Enter debits before credits. Journal entry worksheet Prepare the adjusting entry needed at December 31 . Owed wages to 30 employees who worked five days at $280 each per day at the end of the current year. The company will pay employees at the end of the first week of next year. Note: Enter debits before credits. Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the end of the year, and 500 additional shares of common stock ( $0.10 par value per share) were issued at the end of the year for $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below: Prepare a classified balance sheet for the end of the current year. Nash Company has the following adjusted accounts and balances at year-end (June 30): Prepare an adjusted trial balance for the Nash Company at June 30. Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dlvidends of $580 wore declared at the end of the year, and 540 additional shares of common stock ( $0.10 par value per share) were issued at the end of the year for $2,160 in cash (for a total at the end of the year of 830 shares). Beginning balances for stockhoiders' equity accounts are: Common stock, \$29; Additional paid-in capital, \$1,481; and Retained earnings, \$5,240. These effects are included below: Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign. Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign Step by Step Solution
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