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I need answers for this: this is the list to chose from thank you At January 1, 2018, Brander Nursery Ltd.'s balance sheet reported the
I need answers for this:
this is the list to chose from
thank you
At January 1, 2018, Brander Nursery Ltd.'s balance sheet reported the following shareholders' equity A (Click the icon to view the shareholders' equity as of January 1, 2018.) A (Click the icon to view the transactions in 2018, 2019, and 2020.) Required Shareholders' equity $ 800,000 Shareholders' Equity Contributed capital: Preferred shares, $0.75, cumulative (3 years in arrears), liquidation price of $25. 100,000 shares authorized. 40,000 shares issued and outstanding Common shares: Class A. 16,000 shares authorized, issued, and outstanding Class B, unlimited number of shares authorized, 83,000 shares issued and outstanding Total contributed capital Retained earnings Total shareholders' equity 128,000 415,000 1.343,000 360,000 1,703,000 $ Print Done Transactions Db les 2018 Dec. 1 The company declared dividends of $200,000, payable on January 14, 2019, to the shareholders of record on December 31, 2018. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. Class A and Class B shares receive the same per-share dividend. 31 The company reported net income after taxes of $105,000 and closed the Income Summary account. 2019 Jan. 7 The company sold 12.000 preferred shares at $22.50 per share. 14 The company paid the dividend declared on December 1, 2018. Feb 14 The company sold 31.000 Class B common shares at $7.00 per share Dec 2 The company declared dividends of $75,000 payable on January 13, 2020, to the shareholders of record on December 31, 2019. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. 31 The company reported net income after taxes of $63.000 and closed the Income Summary account 2020 Jan 13 Paid the dividend declared on December 2, 2019. ing Print Done Requirement 1. Record the transactions in the general journal December 1, 2018. The company declared dividends of $200 000 payable on January 14, 2019, to the shareholders of record on December 31, 2018 Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. Class A and Class B shares receive the same per share dividend (Hold all decimals in interim calculations, Round your final answers to the nearest dollar. Record debits first, then credits Explanations are not required.) Journal Entry Accounts Debit Credit 2018 Dec Cash Common Shares-Class B Dividends Payable-Common Shares, Class A Dividends Payable--Common Shares. Class B Dividends PayablePreferred Shares Future Income Tax Liability s Income Summary Income Tax Expense Income Taxes Payable Preferred Shares Retained Earnings 31 2018 The company reported net income after taxes of $10 Journal Entry Accounts anistof enter any numbe NIOS December 31, 2018. The company reported net income after taxes of $105,000 and closed the Income Summary account. Journal Entry 2018 Accounts Debit Credit Dec 31 January 7, 2019. The company sold 12,000 preferred shares at $22.50 per share. Journal Entry 2019 Accounts Debit Credit Jan. January 14, 2019. The company paid the dividend declared on December 1, 2018. (Round your answers to the nearest dollar.) Journal Entry 2019 Accounts Debit Credit Jan. February 14, 2019. The company sold 31,000 Class B common shares at $7.00 per share. Journal Entry 2019 Accounts Debit Credit Feb December 2, 2019 The company declared dividends of $75,000 payable on January 13, 2020, to the shareholders of record on December 31, 2019. Indicate the amount that would be payable to the preferred shareholders and the common shareholders (Hold all decimals in interim calculations. Round your final answers to the nearest dollar.) Journal Entry 2019 Accounts Debit Credit Dec December 31, 2019 The company reported net income after taxes of $63,000 and closed the Income Summary account. Journal Entry 2019 Accounts Debit Credit Dec January 13, 2020. Paid the dividend declared on December 2, 2019. (Round your answers to the nearest dollar.) Journal Entry 2020 Accounts Debit Credit --- Jan Requirement 2. Prepare the shareholders' equity section of the balance sheet as of the close of business on December 31, 2019. Brander Nursery Ltd. Partial Balance Sheet December 31, 2019 Shareholders' Equity Contributed capital: Common shares: Total contributed capital Choose from any list or enter any number in the input fields and then continue to the next question Common shares: Total contributed capital Total shareholders' equity Requirement 3. Calculate the book value per share of the preferred shares and of the common shares on December 31, 2019. (Round your answers to the nearest cent. The book value of preferred shares is $ The book value of common shares is s -- Requirement 4. What was the average price at which the Class A common shares were issued? (Round your answer to the nearest cent.) The average price per share at which Class A common shares were issued is $ 1Step by Step Solution
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