Instructions 30 Declared a $1.00 cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock were outstanding. Paid the cash dividends declared on Jul 11 to the preferred stockholders. Received $27.500 dividend from Pinkberry Co. investment of Jun 22 Jul. 11 Aug 27 Record on journal page 11 Oct 1 Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of $375. The bonds are classified as a held-to-maturity long-term investment 7 14 29 31 Sold, at $38 per share. 2.600 shares of treasury common stock purchased on Jun. 8. Received a dividend of $0.60 per share from the Solstice Corp. investment on Jun. 1. Sold 1.000 shares of Solstice Corp. at $45, including commission Recorded the payment of semiannual interest on the bonds issued on May 1 and the amortization of the premium for six months. The amortization is determined using the straight line method Accrued interest for three months on the Dream Inc bonds purchased on Oct 1 Pinkberry Co recorded total earnings of $240.000. Equinox Products recorded equity earnings for its Dec. 31 31 Next > 5:36 PM Check My Work assignment/takeAssignmentMain.do?inprogress=true Calculator Comprehensive Problem 4 Instructions Chart of Accounts Labels and Amount Descriptions Jour! Instructions Income Statement data: Advertising expense $ 150,000 Cost of merchandise sold 3.700.000 Delivery expense 30,000 30,000 Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Dividend revenue 100,000 4,500 Gain on sale of investments 4.980 Income of Pinkberry Co. investment 76,800 Income tax expense 140,500 21,000 Interest expense Interest revenue 2,720 7,500 Miscellaneous administrative expense Miscellaneous selling expense 14,000 Office rent expense 50,000 170.000 Office salaries expense Check My Work Onlin x + V signment/takeAssignmentMain.do?inprogress=true Calculator Comprehensive Problem 4 Instructions Chart of Accounts Labels and Amount Descriptions Journal Instructions Due una mane Office supplies expense 10,000 5.254.000 Sales Sales commissions 185,000 Sales salaries expense 385,000 21,000 Store supplies expense Retained earnings and balance sheet data: Accounts payable $ 194,300 Accounts receivable 545,000 Accumulated depreciation office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts 1.580,000 4,126,000 8,450 260,130 500,000 246,000 Available for sale investments (at cost) Bonds payable, 5%, due 2024 Cash Common stock, $20 par Check My Work ent/takeAssignment Main.do?inprogress true nstructions at lower of cost (FIFO) or market 778,000 Office buildings and equipment 4,320,000 Paid-in capital from sale of treasury stock 13,000 Excess of issue price over par: -Common 886,800 - Preferred 150,000 Preferred 5% stock, S80 par (30,000 shares authorized: 20,000 shares issued) 1,600,000 Premium on bonds payable Prepaid expenses 19,000 27,400 9,319,725 Retained earnings, January 1, 2016 Store buildings and equipment 12,560,000 Treasury stock (5,400 shares of common stock at cost of $33 per share) 178,200 Unrealized gain (loss) on available-for-sale investments (6.500) (6,500) Valuation allowance for available for sale investments Check My Work All work saved. Email Instructa Instructions 30 Declared a $1.00 cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock were outstanding. Paid the cash dividends declared on Jul 11 to the preferred stockholders. Received $27.500 dividend from Pinkberry Co. investment of Jun 22 Jul. 11 Aug 27 Record on journal page 11 Oct 1 Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of $375. The bonds are classified as a held-to-maturity long-term investment 7 14 29 31 Sold, at $38 per share. 2.600 shares of treasury common stock purchased on Jun. 8. Received a dividend of $0.60 per share from the Solstice Corp. investment on Jun. 1. Sold 1.000 shares of Solstice Corp. at $45, including commission Recorded the payment of semiannual interest on the bonds issued on May 1 and the amortization of the premium for six months. The amortization is determined using the straight line method Accrued interest for three months on the Dream Inc bonds purchased on Oct 1 Pinkberry Co recorded total earnings of $240.000. Equinox Products recorded equity earnings for its Dec. 31 31 Next > 5:36 PM Check My Work assignment/takeAssignmentMain.do?inprogress=true Calculator Comprehensive Problem 4 Instructions Chart of Accounts Labels and Amount Descriptions Jour! Instructions Income Statement data: Advertising expense $ 150,000 Cost of merchandise sold 3.700.000 Delivery expense 30,000 30,000 Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Dividend revenue 100,000 4,500 Gain on sale of investments 4.980 Income of Pinkberry Co. investment 76,800 Income tax expense 140,500 21,000 Interest expense Interest revenue 2,720 7,500 Miscellaneous administrative expense Miscellaneous selling expense 14,000 Office rent expense 50,000 170.000 Office salaries expense Check My Work Onlin x + V signment/takeAssignmentMain.do?inprogress=true Calculator Comprehensive Problem 4 Instructions Chart of Accounts Labels and Amount Descriptions Journal Instructions Due una mane Office supplies expense 10,000 5.254.000 Sales Sales commissions 185,000 Sales salaries expense 385,000 21,000 Store supplies expense Retained earnings and balance sheet data: Accounts payable $ 194,300 Accounts receivable 545,000 Accumulated depreciation office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts 1.580,000 4,126,000 8,450 260,130 500,000 246,000 Available for sale investments (at cost) Bonds payable, 5%, due 2024 Cash Common stock, $20 par Check My Work ent/takeAssignment Main.do?inprogress true nstructions at lower of cost (FIFO) or market 778,000 Office buildings and equipment 4,320,000 Paid-in capital from sale of treasury stock 13,000 Excess of issue price over par: -Common 886,800 - Preferred 150,000 Preferred 5% stock, S80 par (30,000 shares authorized: 20,000 shares issued) 1,600,000 Premium on bonds payable Prepaid expenses 19,000 27,400 9,319,725 Retained earnings, January 1, 2016 Store buildings and equipment 12,560,000 Treasury stock (5,400 shares of common stock at cost of $33 per share) 178,200 Unrealized gain (loss) on available-for-sale investments (6.500) (6,500) Valuation allowance for available for sale investments Check My Work All work saved. 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