Please find attached the work for unit 6 accounting II

Problem 13-1A Bridger Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Montana, Idaho, Oregon, and Washington. Bridger Bike Corp. has declared the following annual dividends over a six-year period ending December 31 of each year: 2005, $5,000; 2006, $18,000; 2007, $45,000; 2008, $45,000; 2009, $60,000; and 2010, $67,000. During the entire period, the outstanding stock of the company was composed of 10,000 shares of 2% cumulative preferred stock, $100 par, and 25,000 shares of common stock, $1 par. Instructions 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 2005. Summarize the data in tabular form, using the following column headings: Total __P_r_e_fe_r_r_e_d_ _D_i_v_i_d_e_n_d_s__ __C_o_m__m__o_n_ _D_i_v_i_d_e_n_d_s__ Year Dividends Total Per Share Total Per Share 2005 $ 5,000 2006 18,000 2007 45,000 2008 45,000 2009 60,000 2010 67,000 2. Determine the average annual dividend per share for each class of stock for the sixyear period. 3. Assuming a market price of $125 for the preferred stock and $8 for the common stock, calculate the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Problem 13-2A Sheldon Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Sheldon Optics on October 31 of the current year as follows: Preferred 2% Stock, $80 par (50,000 shares authorized, 25,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,000,000 Paid-In Capital in Excess of ParPreferred Stock . . . . . . . . . . . . 75,000 Common Stock, $100 par (500,000 shares authorized, 50,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000,000 Paid-In Capital in Excess of ParCommon Stock . . . . . . . . . . . . 600,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,750,000 608 Chapter 13 Corporations: Organization, Stock Transactions, and Dividends At the annual stockholders' meeting on December 7, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $5,300,000. The plan provided (a) that the corporation borrow $2,000,000, (b) that 15,000 shares of the unissued preferred stock be issued through an underwriter, and (c) that a building, valued at $1,850,000, and the land on which it is located, valued at $162,500, be acquired in accordance with preliminary negotiations by the issuance of 17,500 shares of common stock. The plan was approved by the stockholders and accomplished by the following transactions: Jan. 10. Borrowed $2,000,000 from Whitefish National Bank, giving a 7% mortgage note. 21. Issued 15,000 shares of preferred stock, receiving $84.50 per share in cash. 31. Issued 17,500 shares of common stock in exchange for land and a building, according to the plan. No other transactions occurred during January. Instructions Journalize the entries to record the foregoing transactions. Coil Welding Corporation sells and services pipe welding equipment in California. The following selected accounts appear in the ledger of Coil Welding Corporation on February 1, 2010, the beginning of the current fiscal year: Preferred 2% Stock, $25 par (50,000 shares authorized, 40,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,000,000 Paid-In Capital in Excess of ParPreferred Stock . . . . . . . . . . . . 240,000 Common Stock, $5 par (1,000,000 shares authorized, 750,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,750,000 Paid-In Capital in Excess of ParCommon Stock . . . . . . . . . . . . 6,000,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,785,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 60,000 shares of treasury common for $540,000. b. Sold 42,000 shares of treasury common for $462,000. c. Issued 7,500 shares of preferred 2% stock at $38. d. Issued 120,000 shares of common stock at $15, receiving cash. e. Sold 13,000 shares of treasury common for $110,500. f. Declared cash dividends of $0.50 per share on preferred stock and $0.42 per share on common stock. g. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter