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Could you help me with this quiz. its 3questions. Let me know if you need anything.

Journal Entries For this part of the quiz, you will be uploading your work through answer sheets. The instructions for how to upload your answer sheets are provided within each question. Question 11 (20 points) Salisbury Corporation formed a corporation on January 3, 2016, and is authorized to issue 500,000 shares of $10 par value common stock. The company has the following stock transactions. 1/10/2016 - Issued 200,000 shares of stock at $16 per share. 1/25/2016 - The law firm that helped the company incorporate and file all forms for the stock issue accepts 1,000 shares of newly issued stock in lieu of cash for its legal bill rendered. The amount of the legal bill was $20,000. 6/10/2016 - Salisbury Corporation declares a 50 cent per share dividend payable July 15 to shareholders of record as of June 30, 2016. 6/30/2016 - The record date for the dividend declared on June 10. 7/15/2016 - The dividend declared on June 10 is paid. 9/15/2016 - Salisbury Corporation declares a 10% stock dividend payable on September 30 to shareholders of record as of September 20. The market value of the stock was $15 immediately prior to the declaration of the stock dividend. 9/30/2016 - The stock dividend declared on September 15 is paid. 10/15/2016 - Salisbury Corporation buys 5,000 shares of its own stock on the open market for $18 per share. 12/18/2016 - Salisbury Corporation resells 2,000 shares of the treasury stock for $20 per share. Instructions: Journalize the above transactions for Salisbury Corporation. Problem 1 Answer Sheet Instructions To submit your answers for this part of the exam, fill in the answer sheet and upload it to the exam. Download: Quiz 1 Problem 1 Answer Sheet To upload your answer sheet, follow these instructions: Click the Insert Stuff icon (first on the left). Click Upload to retrieve the file from your computer and upload it. For Link Text: (Your Name) Final Exam Answer Sheet Click Add. (Ignore the Choose Destination prompt.) Click OK. Question 11 options: Skip Toolbars for . More Insert actions. More Text actions. More Paragraph Style actions. Insert Table More Table actions. More Equation actions. More Undo actions. Question 12 (15 points) This problem is worth 15 points. On July 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments. The bonds are dated April 1, 2016 so these bonds are issued between interest dates. The market rate at the date of issue is also 10%. For simplicity, use a 360-day year and 30 day months for all calculations. 1. Record the journal entries for the issuance of the bonds 2. Record the journal entries for the first interest payment due on October 1, 2016. Assume that interest has not been accrued at each month end. Click here to download the Question 2 Answer Sheet. Question 12 options: Skip Toolbars for . More Insert actions. More Text actions. More Paragraph Style actions. Question 13 (15 points) On April 1, 2016 Alpha Company sells $1,000,000 face value of 10% five year bonds which call for semiannual interest payments. The bonds are dated April 1, 2016 so these bonds are issued on an interest date. The market rate at the date of issue is 8%. Use the straight line method of amortization of any bond premium or discount. For simplicity, use a 360-day year and 30 day months for all calculations. 1. Record the journal entries for the issuance of the bonds 2. Record the journal entries for the first interest payment due on October 1, 2016. Assume that interest has not been accrued at each month end. Click to download the Question 3 Answer Sheet. Question 13 options: Skip Toolbars for . More Insert actions. More Text actions. More Paragraph Style actions