Journal Entries A. Issued 2000 shares of $10 par common stock at $11, receiving cash. (6 points) (6 points) B. Issued $ 40000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Use the Present Value Tables in Appendix A of text book. Round all calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock. On date of declaration, 6400 shares of common stock were outstanding. (3 points) D. Paid cash dividend from (c) above. (2 points) E. Purchased 2400 shares of Jones Company for $10 per share, plus $1200 commission. Our company purchased less than 20% of the outstanding stock of Jones Company. (3 points) (6 points) F. Declared a 5% stock dividend on the $10 par common stock when the market price was $25 per share. There were 6400 Shares outstanding. G. Distributed the stock dividends declared in (F). (2 points) (3 points) H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. 1. Purchased 120 shares of treasury common stock for $12 per share. (3 points) J. Received semiannual interest from bonds purchased in (H). (3 points) K. Received a total cash dividend of $240 from Jones Company. (3 points) L. Received a $400 dividend from our investment in Masco Company stock. This investment is accounted for under the equity method. (3 points) M. Sold, at $17 per share, 60 shares of treasury common stock purchased in (I). (6 points) N. Sold 480 shares of Jones company stock purchased in (E) for $13 per share, including commission. (6 points) O. Masco Company's total earnings are $20000. We own 40%. Record the earnings for our company using the equity method. (3 points) P. Sold the bonds purchased in (H) at 103 plus $63 in accrued interest. (8 points) Page 5 ABC Corporation, Inc. Income Statement For the Year Ended December 31, 20X1 (27 points)