Journal entries for the following Journal Entries

A$.$ Issued $6500$ shares of $$10$ par common stock at $$11,$ receiving cash.

B$.$ Issued $$130000$ 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\mathrm{.}25$ per share on common stock. On date of declaration,

$20300$ shares of common stock were outstanding.

$[3$ points$]$

D$.$ Paid cash dividend from $($c$)$ above.

$[2$ points$]$

E$.$ Purchased $7800$ shares of Jones Company for $$10$ per share, plus $$3900$ commission.

Our company purchased less than $20\%$ of the outstanding stock of Jones Company.

$[3$ points$]$

F$.$ Declared a $5\%$ stock dividend on the $$10$ par common stock when the

$[6$ points$]$

market price was $$25$ per share. There were $20600$ Shares outstanding.

G$.$ Distributed the stock dividends declared in $($F$).$

$[2$ points$]$

H$.$ Purchased $$5000$ of $5\%$ bonds at par.

$[3$ pointsi$]$

Interest is payable semiannually.

Purchased $390$ 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 $$780$ from Jones Compary.

$[3$ points$]$

L$.$ Received a $$1300$ dividend from our investment in Masco Company stock.

This investment is accounted for under the equity method.

M$.$ Sold, at $$17$ per share, $195$ shares of treasury common stock purchased in $($I$).$

N$.$ Sold $1560$ shares of Jones company stock purchased in $($E$)$ for $$13$

per share, including commission.

$[6$ points$]$

O$.$ Masco Company$/$s total earnings are $$6000.$ We own $40\%.$ Record the earnings

for our company using the equity method.

$[3$ points$]$

$[8$ points$]$

P$.$ Sold the bonds purchased in $(H)$ at $103$ plus $$63$ in accrued interest.

Q$.$ At the end of the acoounting period, the remaining shares of Jones Company stock

increased $$2\mathrm{.}00$ per share

R$.$ Record the payment of semiannual interest on the bonds issued in $($B$)$

and the amortization of the premium for six months.

The amortization is determined using the straight$-$line method.

$[6$ points$]$