Please answer these questions for my accounting 2 class.

P12-34B Accounting for the admission of a new partner Hudson, Mechan, and Loiselle, a partnership, is considering admitting Thompson as a new partner. On July 31, 2018, the capital accounts of the three existing partners and their profit-and-loss-sharing ratio are as follows: Hudson Meehan Loiselle Capital 40,500 81,000 21,500 Profit-and-Loss-Sharing % 20% 25% 55% Requirements Journalize the admission of Thompson as a partner on July 31 for each of the following independent situations: 1. Thompson pays Loiselle $162,000 cash to purchase Loiselle's interest 2. Thompson contributes $81,000 to the partnership, acquiring a 1/4 interest in the business. 3. Thompson contributes $81,000 to the partnership, acquiring a 1/6 interest in the business 4. Thompson contributes $81,000 to the partnership, acquiring a 1/3 interest in the business 12-36B Accounting for the liquidation of a partnership The partnership of Saston, Parlkerson, & Murnay has experienced opensting losses for thrce consecutive years. The partnerswho have shared profits and losses in the ratio 2. Loss on Disposal $55,000 of Saxton, ask you to analyze the effects of liquidation. They present the following condensed partnership balance sheet at December 31, 2018: SAXTON, PARKERSON,&MURRAY Balance Sheet December 31, 2018 Assets Liabilities S 58,000 Cash Non-cash Assets 30,000 Accounts Payable 125,000 Partners' Equity Saxton, Capital Parkerson, Capital Murray, Capital Tc tat--.ners' Equity Total Liabilities and Partners' Equity 48,000 32,000 97,000 $ 155,000 Total Assets $ 155,000 682 chapter 12 Requirements 1. Assume the non-cash asscts are sold for $1 70,000 Journalize the liquidation transactions 2. Assume the non-cash assets are sold for $70,000, Journalize the liquidation transactions Learning Objective 4 S13-7 Accounting for cash dividends Java Company earned net income of $85,000 during the year ended December 31, 2018, On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its common stock (50,000 shares). Java then paid the dividends on January 4, 2019. Corporations 72 Requirements 1. Journalize for Java the entry declaring the cash dividends on December 15, 2018. 2. Journalize for Java the entry paying the cash dividends on January 4, 2019. 6 S13-14 Preparing a statement of retained earnings Kingston, Inc. had beginning retained earnings of $135,000 on January 1, 2018 During the year, Kingston declared and paid $85,000 of cash dividends and carned $75,000 of net income. Prepare a statement of retained earnings for Kingston, Inc. for the year ending December 31, 2018 E13-24 Journalizing issuance of stock and preparing the stockholders' equity section of the balance sheet The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 1,400 shares of common stock. During a two-month period, Evergreen completed these stock-issuance transactions: Mar. 23 Issued 230 shares of $3 par value common stock for cash of $15 per share. Apr. 12 Received inventory with a market value of $27,000 and equipment with a market value of $19,000 for 320 shares of the $3 par value common stock. issued 900 shares of 5%, $20 par value preferred stock for $20 per share. 17 Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Evergreen balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $73,000 at April 30, 2018. Learn 3-41A Journalizing stock issuance and cash dividends and preparing the stockholders' equity section of the balance sheet D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, D-Mobile completed the following 2. Tot $454, transactions: Issued 19,000 shares of common stock for a building with a market value of $240,000 Issued 600 shares of preferred stock for $140 per share. Issued 11,000 shares of common stock for cash of $55,000. Declared a $19,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. Oct.2 6 9 10 25 Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2018. Assume D-Mobile's net income for the month was $94,000. P12-34B Accounting for the admission of a new partner Hudson, Mechan, and Loiselle, a partnership, is considering admitting Thompson as a new partner. On July 31, 2018, the capital accounts of the three existing partners and their profit-and-loss-sharing ratio are as follows: Hudson Meehan Loiselle Capital 40,500 81,000 21,500 Profit-and-Loss-Sharing % 20% 25% 55% Requirements Journalize the admission of Thompson as a partner on July 31 for each of the following independent situations: 1. Thompson pays Loiselle $162,000 cash to purchase Loiselle's interest 2. Thompson contributes $81,000 to the partnership, acquiring a 1/4 interest in the business. 3. Thompson contributes $81,000 to the partnership, acquiring a 1/6 interest in the business 4. Thompson contributes $81,000 to the partnership, acquiring a 1/3 interest in the business 12-36B Accounting for the liquidation of a partnership The partnership of Saston, Parlkerson, & Murnay has experienced opensting losses for thrce consecutive years. The partnerswho have shared profits and losses in the ratio 2. Loss on Disposal $55,000 of Saxton, ask you to analyze the effects of liquidation. They present the following condensed partnership balance sheet at December 31, 2018: SAXTON, PARKERSON,&MURRAY Balance Sheet December 31, 2018 Assets Liabilities S 58,000 Cash Non-cash Assets 30,000 Accounts Payable 125,000 Partners' Equity Saxton, Capital Parkerson, Capital Murray, Capital Tc tat--.ners' Equity Total Liabilities and Partners' Equity 48,000 32,000 97,000 $ 155,000 Total Assets $ 155,000 682 chapter 12 Requirements 1. Assume the non-cash asscts are sold for $1 70,000 Journalize the liquidation transactions 2. Assume the non-cash assets are sold for $70,000, Journalize the liquidation transactions Learning Objective 4 S13-7 Accounting for cash dividends Java Company earned net income of $85,000 during the year ended December 31, 2018, On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its common stock (50,000 shares). Java then paid the dividends on January 4, 2019. Corporations 72 Requirements 1. Journalize for Java the entry declaring the cash dividends on December 15, 2018. 2. Journalize for Java the entry paying the cash dividends on January 4, 2019. 6 S13-14 Preparing a statement of retained earnings Kingston, Inc. had beginning retained earnings of $135,000 on January 1, 2018 During the year, Kingston declared and paid $85,000 of cash dividends and carned $75,000 of net income. Prepare a statement of retained earnings for Kingston, Inc. for the year ending December 31, 2018 E13-24 Journalizing issuance of stock and preparing the stockholders' equity section of the balance sheet The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 1,400 shares of common stock. During a two-month period, Evergreen completed these stock-issuance transactions: Mar. 23 Issued 230 shares of $3 par value common stock for cash of $15 per share. Apr. 12 Received inventory with a market value of $27,000 and equipment with a market value of $19,000 for 320 shares of the $3 par value common stock. issued 900 shares of 5%, $20 par value preferred stock for $20 per share. 17 Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the Evergreen balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $73,000 at April 30, 2018. Learn 3-41A Journalizing stock issuance and cash dividends and preparing the stockholders' equity section of the balance sheet D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of $4 par value common stock. During the first month, D-Mobile completed the following 2. Tot $454, transactions: Issued 19,000 shares of common stock for a building with a market value of $240,000 Issued 600 shares of preferred stock for $140 per share. Issued 11,000 shares of common stock for cash of $55,000. Declared a $19,000 cash dividend for stockholders of record on Oct. 20. Use a separate Dividends Payable account for preferred and common stock. Paid the cash dividend. Oct.2 6 9 10 25 Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of D-Mobile's balance sheet at October 31, 2018. Assume D-Mobile's net income for the month was $94,000