please help me out !!! Credit Debit 200,800 70,000 10,500 5,000 2.400 200,000 7,000 457234 25,000 515,000
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please help me out !!!
Credit Debit 200,800 70,000 10,500 5,000 2.400 200,000 7,000 457234 25,000 515,000 153,000 Account 1 Seling & General Admin expenses 2 Accumulated depreciation building & equipment 3 Tax Payable 4 Interest expense 5 Unearned Sales revenue 6 Finished goods Inventory 7 Allowance for doubtful accounts 8 Goodwill 9 Impairment of goodwill 10 Debt Investments (trading securities 11 Sales returns and allowances 12 Urealized holding losses on available-for-sale securities 13 Bonds payable 14 Unrealized holding gains on trading securities 15 Cash 16 Sales revenue 17 Copyrights 18 Interest revenue 19 Cost of goods sold 20 Land 21 Available-for-sale securities Non-curren 22 Accounts payable 23 Building and Equipment 24 Prepaid Other Operating Expense 25 Dividend declared 21,000 2,000,000 15.000 ? 2,324,000 30.000 3,000 624,700 100,000 155.000 202.000 340,000 20.000 25.000 150.000 15.000 2.000 12 000 26 Accounts receivable 27 Gain on discontinued operations, after tax 28 Premium on bonds payable 29 Unrealized gain on cash flow hedge 30 Work in process 31 Supplies 32 Dividend payable 33 Accumulated other comprehensive income, beginning balance 10.000 15.000 17.000 35.000 Account Debit Credit 34 Treasury beginning balance 0 35 Preferred stock par value $50 per share, beginning balance 200.000 36 Common stock. par value $1 per share, beginning balance 100.000 37 Paid in capital in excess of per- Common stock, beginning balans 900.000 38 Retained earnings, beginning balance 21,000 The selected balances above were taken from the books of Pamevik Corp. on December 31, 2019, otherwise noted. Beginning balance refers to balance on 1/1/2019 Note: 1. For cash, use A=L+E 2. 6% cumulative preferred stock. $50 par value. 4,000 shares issued and outstanding, preferred dividend is cumulative. No preferred stock was issued during 2019. 3. Preferred dividend has been paid until 2017. No preferred dividend has been paid in 2018 4. All the common stock has $1 par value. 5. 100,000 shares issued and zero treasury stock on 1/1/2019. 6. 50,000 shares are issued on 7/1/2019 for $500,000. 7. 3,000 shares are repurchased on 10/1/2019, the company paid $45,000 and 2 uses cost method for treasury method accounting Assume the total effective tax rate on all items in income statement (otherwise noted) is 15%. 8. Required A. Prepare multiple step income statement for the year 2019. Keep in mind that presentation is very important B. Make sure to show work clearly for ending balance of the following account B1. Cash B2. Preferred stock B3. Common stock B4. Paid in capital of in excess of par - Common stock B5. retained earnings, treasury B6. Accumulated other comprehensive income. C. Prepare classified balance sheet as of 12/31/2019. Keep in mind that presentation is very important D. Determine basic earnings per share for the year 2019. Show numerator and denominator for EPS clearly. E. Determine comprehensive income for the year 2019. Show work clearly F. Determine book value per share on 12/31/2019. Show numerator and denominator clearly Credit Debit 200,800 70,000 10,500 5,000 2.400 200,000 7,000 457234 25,000 515,000 153,000 Account 1 Seling & General Admin expenses 2 Accumulated depreciation building & equipment 3 Tax Payable 4 Interest expense 5 Unearned Sales revenue 6 Finished goods Inventory 7 Allowance for doubtful accounts 8 Goodwill 9 Impairment of goodwill 10 Debt Investments (trading securities 11 Sales returns and allowances 12 Urealized holding losses on available-for-sale securities 13 Bonds payable 14 Unrealized holding gains on trading securities 15 Cash 16 Sales revenue 17 Copyrights 18 Interest revenue 19 Cost of goods sold 20 Land 21 Available-for-sale securities Non-curren 22 Accounts payable 23 Building and Equipment 24 Prepaid Other Operating Expense 25 Dividend declared 21,000 2,000,000 15.000 ? 2,324,000 30.000 3,000 624,700 100,000 155.000 202.000 340,000 20.000 25.000 150.000 15.000 2.000 12 000 26 Accounts receivable 27 Gain on discontinued operations, after tax 28 Premium on bonds payable 29 Unrealized gain on cash flow hedge 30 Work in process 31 Supplies 32 Dividend payable 33 Accumulated other comprehensive income, beginning balance 10.000 15.000 17.000 35.000 Account Debit Credit 34 Treasury beginning balance 0 35 Preferred stock par value $50 per share, beginning balance 200.000 36 Common stock. par value $1 per share, beginning balance 100.000 37 Paid in capital in excess of per- Common stock, beginning balans 900.000 38 Retained earnings, beginning balance 21,000 The selected balances above were taken from the books of Pamevik Corp. on December 31, 2019, otherwise noted. Beginning balance refers to balance on 1/1/2019 Note: 1. For cash, use A=L+E 2. 6% cumulative preferred stock. $50 par value. 4,000 shares issued and outstanding, preferred dividend is cumulative. No preferred stock was issued during 2019. 3. Preferred dividend has been paid until 2017. No preferred dividend has been paid in 2018 4. All the common stock has $1 par value. 5. 100,000 shares issued and zero treasury stock on 1/1/2019. 6. 50,000 shares are issued on 7/1/2019 for $500,000. 7. 3,000 shares are repurchased on 10/1/2019, the company paid $45,000 and 2 uses cost method for treasury method accounting Assume the total effective tax rate on all items in income statement (otherwise noted) is 15%. 8. Required A. Prepare multiple step income statement for the year 2019. Keep in mind that presentation is very important B. Make sure to show work clearly for ending balance of the following account B1. Cash B2. Preferred stock B3. Common stock B4. Paid in capital of in excess of par - Common stock B5. retained earnings, treasury B6. Accumulated other comprehensive income. C. Prepare classified balance sheet as of 12/31/2019. Keep in mind that presentation is very important D. Determine basic earnings per share for the year 2019. Show numerator and denominator for EPS clearly. E. Determine comprehensive income for the year 2019. Show work clearly F. Determine book value per share on 12/31/2019. Show numerator and denominator clearly
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