Hello! I need immediate help on COMPREHENSIVE PROBLEM 4 with the Income Statement, Balance Sheet Report, and Retained Earnings statement (which is Part 2 a,b,and c). Thank you so much! :)
Comprehensive Problem 4 VC. Total assets, $13,500,000 Selected 31, 20Y8, werc as follows: A. Issued 15,000 shares of $20 par common stock at$ B. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. C. issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. D. Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. transactions completed by Equinox Products Inc, during the fiscal year ended December 30, receiving cash. GAL LEDGEC On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. Paid the cash dividends declared in (D). Purchased 8,000 shares of treasury common stock at $33 per share. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. Paid the cash dividends to the preferred stockholders. Sold, at $38 per share, 2,600 shares of treasury common stock purchased in (F). Recorded the payment of semiannual interest on the bonds issued in (C) and the amortization of the p for six months.The amortization is determined using the straight-line mcthod. E. F. G. H. I. premium Instructions 1. Jounalize the selected transactions. 2. After all of the transactions for the year ended December 31, 20Y8, had bcen posted linclud- ing the transactions recorded in part (1) and all adjusting entries), the data that follow were taken from the records of Equinox Products Inc. Comprehensive Problem 4 VC. Total assets, $13,500,000 Selected 31, 20Y8, werc as follows: A. Issued 15,000 shares of $20 par common stock at$ B. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. C. issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. D. Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. transactions completed by Equinox Products Inc, during the fiscal year ended December 30, receiving cash. GAL LEDGEC On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. Paid the cash dividends declared in (D). Purchased 8,000 shares of treasury common stock at $33 per share. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. Paid the cash dividends to the preferred stockholders. Sold, at $38 per share, 2,600 shares of treasury common stock purchased in (F). Recorded the payment of semiannual interest on the bonds issued in (C) and the amortization of the p for six months.The amortization is determined using the straight-line mcthod. E. F. G. H. I. premium Instructions 1. Jounalize the selected transactions. 2. After all of the transactions for the year ended December 31, 20Y8, had bcen posted linclud- ing the transactions recorded in part (1) and all adjusting entries), the data that follow were taken from the records of Equinox Products Inc
