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These are just some financial accounting questions. Thank you very much for your help!

Chapter Eleven 4 Problems Problem #1 10 points (2.5 each) During its first year of operations, Roldan Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 60,000 shares for cash at $5 per share. July 1 Issued 50,000 shares for cash at $8 per share. Instructions: (a) Journalize the transactions, assuming that the common stock has a par value of $5 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share. (c) Compare the effect the two Jan. 10 transactions would have on Roldan's assets, liabilities, stockholders' equity, and net income. (d) Compare the effect the two July 1 transactions would have on Roldan's assets, liabilities, stockholders' equity, and net income. Copyright 2013 John Wiley & Sons, Inc. (For Instructor Use Only) Kimmel, Financial Accounting, 7/e, Challenge Exercises Page 11-1 Problem #2 12 points (2 each) The stockholders' equity section of Lumley Corporation at December 31 is as follows: LUMLEY CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, $2 par, 750,000 shares authorized, 500,000 shares issued Paid-in capital in excess of par - common Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity $ 600,000 1,000,000 200,000 1,800,000 1,858,000 3,658,000 64,000 $3,594,000 Instructions: From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) How many shares of common stock are outstanding? (b) At what average price per share was the common stock issued? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? (e) Since the inception of the company, what has been the total excess of net income over dividends declared? (f) If dividends of $72,000 were in arrears on preferred stock, what would be the balance in Retained Earnings? Problem #3 10 points (2 each for a; 4 for b) Copyright 2013 John Wiley & Sons, Inc. (For Instructor Use Only) Kimmel, Financial Accounting, 7/e, Challenge Exercises Page 11-2 On January 1, Amanda Corporation had 100,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 12,000 additional shares of common stock for $18 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Purchased 2,000 additional shares of common stock for $17 per share. 15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. Instructions: (a) Prepare the entries, if any, on each of the three dividend dates. (b) How are dividends and dividends payable reported in the financial statements prepared at December 31? Problem #4 10 points (5 each) Copyright 2013 John Wiley & Sons, Inc. (For Instructor Use Only) Kimmel, Financial Accounting, 7/e, Challenge Exercises Page 11-3 Richard Tandy Company reported the following balances at December 31, 2013: common stock $500,000; paid-in capital in excess of par-common stock $200,000; retained earnings $350,000. During 2014, the following transactions affected stockholder's equity. 1. Issued preferred stock with a par value of $200,000 for $230,000. 2. Purchased treasury stock (common) for $70,000. 3. Earned net income of $240,000. 4. Declared and paid cash dividends of $86,000 ($16,000 preferred). Instructions: (a) Prepare the stockholders' equity section of Richard Tandy Company's December 31, 2014, balance sheet. (b) Compute Tandy's 2014 return on common stockholders' equity. Copyright 2013 John Wiley & Sons, Inc. (For Instructor Use Only) Kimmel, Financial Accounting, 7/e, Challenge Exercises Page 11-4