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Hello dear, Can I get the answers from 1-15 with the explanation. Thanks Intermediate Accounting II Bonus Problem - 5 points Chapter 15 Fall, 2018
Hello dear, Can I get the answers from 1-15 with the explanation. Thanks Intermediate Accounting II Bonus Problem - 5 points Chapter 15 Fall, 2018 Assume the following facts: authorized. 125,000 shares of $6 par value common stock have been Required: A. Record the necessary jourmal entries. B. Prepare the stockholders' equity section of the balance sheet. Entry data: 1. Issued 15,000 shares at $8 per share. 2. Issued 5,000 shares at $9 per share 3. Received land in exchange for 2,000 shares of common stock. The market value of the stock was $10 per share and an $18,000 fair market value for the land. The asking price for the land was S22.000. So 4Reported a net income of $200,000. 5. Purchased 4,000 shares of the outstanding S6 par value common stock at $8 and placed the shares in the treasury 6. Declared a-cash dividend of $.25 per share Reissued 1,500 treasury shares at $12.00 per share Reissued 1,500 treasury shares at $7.50 per share Reissued the remaining treasury shares at $2 per share Issued 3,000 shares of common stock at $7.50 per share Paid the cash dividend declared in #6. Declared a 10% stock dividend on the commmon stock. was $9 per share Distributed the stock dividend in #12 The Board of Directors voted a 2 for1-stock split-/ Declared a cash dividend of S.75 per share . 9. 10. 11 . The current market value 13, 14 15
Hello dear,
Can I get the answers from 1-15 with the explanation.
Thanks
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