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I need help with HW Problem 11.1 , 11.2, 11.3, 11.4 please HW Problem 11.1 - Sneijder Company's shareholder's equity contained the following items on

I need help with HW Problem 11.1 , 11.2, 11.3, 11.4 please image text in transcribed
image text in transcribed
HW Problem 11.1 - Sneijder Company's shareholder's equity contained the following items on 12/31/X1 Common Stock- $2 par value, 200,000 shares authorized, . $160,000 $640,000 $200,000 $1,500,000 Paid in Capital in Excess of Par-Common Preferred Stock-10% non-cumulative, $20 par value, Retained Earnings Total Shareholder's Equity During 20X2 Sneijder had the following transactions: 1/15 Issued 20,000 additional shares of preferred stock and received $650,000. 2/20 Declared dividends of S3 per share common stock with 3/15 record date and 3/31 payment date. 3/31 Paid the common dividends declared on February 20 4/15 Purchased 10,000 of its own common shares for $105,000. 6:30 Declared preferred dividends of 10% par value. Record date is 7/15 and payment date 731. 7/20 Issued 10,000 additional shares of preferred stock and received $400,000. 731 Paid the preferred dividends declared June 30h 9/08 Purchased 5,000 of its own common shares for $40,000. 12/31 Closed $2 million of earnings from the income summary into retained eanings. a. Prepare journal entries for 20X2. b. Prepare a statement of retained earnings for the year ending 12/3l/X2. c. Prepare the shareholder's equity section from Sneijder Company's balance sheet. HW Problem 11.2 - Persie Company's common stock is currently selling for $50 per share on the New York Stock Exchange, and its stockholder's equity on 12/31/X2 includes the following. Common Stock -$ par value, 100,000 shares authorized 50,000 issued and 40,000 outstanding Paid in Capital in Excess of Par-Common Preferred Stock-7% non-cumulative, S-par value, .. . $120,000 ..$550,000 20,000 shares authorized, 5,000 issued and outstanding Retained Earnings $500,000 $1,280,000 S120.000) $1,160,000 Less Treasury Stock a. What is the par value of Persie Company's common stock? b. What is the par value of Persie Company's preferred stock? c. How many shares of treasury stock does Persie hold? d. If Persie's treasury stock was acquired in a single transaction a few years back, what was the market value per share at that time

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