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Please answer the following question. L Question 1 Following table summarize financial data of Fast NUCES Preferred Share 15000 shares 98 rs par, 10 percent
Please answer the following question.
L Question 1 Following table summarize financial data of Fast NUCES Preferred Share 15000 shares 98 rs par, 10 percent dividend 5 pki Common Share 1 million Shares Common Shares sold 15000 25rs First Year Total earning 5 million par Common Stocks dividend 2 pkr per share Second Year Total loss -2 million par Dividend No dividend Requirement 1. Prepare equity section of the balance sheet ending at the end of second year and show all the calculations? Question 2 The following table summarizes, bond issuance in the 9" month of the year. Bonds Payable 80,000,000 Interest Rate 10 percent Years 20 years Interest is paid semiannually that is on the 3* month or 9 month and the company fiscal year ends at 12 month of the year 1. If the bonds are issued at 98, then prepare a joumal entry at the end of the 12 month. 2. If the bonds are issued at 101, then prepare a journal entry at the end of the 12" month. 3. If the bonds are issued at 98. they prepare a journal entry for the interest payment on March 1 4. If the bonds are issued at 101, they prepare a journal entry for the interest payment on March 1 5. Bonds liability at the end of the 12 month for both discount and premium situation? L Question 1 Following table summarize financial data of Fast NUCES Preferred Share 15000 shares 98 rs par, 10 percent dividend 5 pki Common Share 1 million Shares Common Shares sold 15000 25rs First Year Total earning 5 million par Common Stocks dividend 2 pkr per share Second Year Total loss -2 million par Dividend No dividend Requirement 1. Prepare equity section of the balance sheet ending at the end of second year and show all the calculations? Question 2 The following table summarizes, bond issuance in the 9" month of the year. Bonds Payable 80,000,000 Interest Rate 10 percent Years 20 years Interest is paid semiannually that is on the 3* month or 9 month and the company fiscal year ends at 12 month of the year 1. If the bonds are issued at 98, then prepare a joumal entry at the end of the 12 month. 2. If the bonds are issued at 101, then prepare a journal entry at the end of the 12" month. 3. If the bonds are issued at 98. they prepare a journal entry for the interest payment on March 1 4. If the bonds are issued at 101, they prepare a journal entry for the interest payment on March 1 5. Bonds liability at the end of the 12 month for both discount and premium situation Step by Step Solution
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