I have completed all the work I just need someone to make sure its done correctly. Very easy just look it over. The first attachment is the assignment and the 2nd attachment its the directions. --- If you do this quickly and don't have for more money I will give a tip

Accounting Week 6 - please use excel E11-15 On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share. Instructions Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity and outstanding shares. Use the following column headings: Before Action, After Stock Dividend, and After Stock Split. P11-6 A Arnold Corporation has been authorized to issue 40,000 shares of $100 par value, 8%, noncumulative preferred stock and 2,000,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2011, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock Paid-in Capital in Excess of Par ValuePreferred Common Stock Paid-in Capital in Excess of Stated ValueCommon Treasury StockCommon (1,000 shares) Paid-in Capital from Treasury Stock Retained Earnings $ 240,000 56,000 2,000,000 5,700,000 22,000 3,000 560,000 The preferred stock was issued for land having a fair market value of $296,000.All common stock issued was for cash. In November, 1,500 shares of common stock were purchased for the treasury at a per share cost of $22. In December, 500 shares of treasury stock were sold for $28 per share. No dividends were declared in 2011. Instructions (a) Prepare the journal entries for the: (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash. (b) Prepare the stockholders' equity section at December 31, 2011. E12-1 Max Weinberg is studying for an accounting test and has developed the following questions about investments. 1. What are three reasons why companies purchase investments in debt or stock securities? 2. Why would a corporation have excess cash that it does not need for operations? 3. What is the typical investment when investing cash for short periods of time? 4. What are the typical investments when investing cash to generate earnings? 5. Why would a company invest in securities that provide no current cash flows? 6. What is the typical stock investment when investing cash for strategic reasons? Instructions Provide answers for Max. E12-2 Foren Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 50 8%, $1,000 Choate Co. bonds for $50,000 cash plus brokerage fees of $900. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Choate Co. bonds. July 1 Sold 30 Choate Co. bonds for $34,000 less $500 brokerage fees. Instructions (a) Journalize the transactions. (b) Prepare the adjusting entry for the accrual of interest at December 31. E 12-1 1. What are three reasons why companies purchase investments in debt or stock securities? The company may invest its cash surplus in debt or stock for these reasons: A. To increase the earnings of the company for the year. B. To reduce the risk through portfolio management or diversification for the company. C. To meet the future needs of cash flow, for planning of the company because the cash flow will be needed in future. 2. Why would a corporation have excess cash that it does not need for operations? The company has excess cash to pay the dividend or to meet any future expansion or to face any future contingencies. Anything can happen so having the excess cash can be helpful for the unexpected. 3. What is the typical investment when investing cash for short periods of time? Treasury bills, Certificates of deposit, commercial paper among many others. The investment can be made appropriate within a year. 4. What are the typical investments when investing cash to generate earnings? Typical investments could be mutual funds, common stock, preferred stock, government bonds or corporate bonds. 5. Why would a company invest in securities that provide no current cash flows? When companies wants to save money for future needs such as buying of equipment after two years and company has enough surplus. The investment is made in a security that does not generate cash flow in the current period. 6. What is the typical stock investment when investing cash for strategic reasons? The investment in stock is done by developing a portfolio of various stocks, such as mutual funds, the stocks of service concern,the stocks of manufacturing concern, etc. It will help the management to develop its strategy to reduce the risk. E11-15 Particulars Common Stock Paid in Capital in excess of par Retained Earnings Total SHE Outstanding shares Book value per Share Before After Stock Div 600000 After Stock Split 900000 1500000 630000 12000 858000 1500000 600000 0 900000 1500000 60000 10 63000 10 120000 5 Date Particulars 1-Jan Investment in Bonds Cash 1-Jul Cash Interest Income 1-Jul Cash Debit 50,900 Credit 50,900 2,000 2,000 33,500 Investment in Bonds Gain on sale of bonds 31-Dec Interest Receviable Interest Income 30,540 2,960 800 800 E11-6 Particulars 1 Land Preferred Stock Paid In Capital in excess of Par - Preferred Stock 2 Cash Debit 296,000 240,000 56,000 7,700,000 Common Stock Paid In Capital in excess of Par -Common Stock 3 Cash Treasury Stock Paid In Capital in excess of Par -Treasury Stock Arnold Corporation Stockholder's Equity Section 8% Preferred Stock,100 Par Value ,40,000 shares authorized ,2,400 shares issued and Outstanding Common Stock no par Value $5 ,2,000,000 shares outstanding 400,000 shares isssued and 399,000 outstanding Paid in Capital In Excess of Par Total Paid in capital Retained earnings Less Treasury stock Total Stockholders equity Credit 2,000,000 5,700,000 14,000 11,000 3,000 240,000 2,000,000 2,011,000 4,251,000 560,000 (22,000) 4,789,000