Question 5 View Policies Current Attempt in Progress On August 1,2017, Monty Corp. issued $490,800,8%, 10 year bonds at face value. Interest is payable annually on August 1. Monty's year-end is December 31 Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2017, (c) The payment of interest on August 1, 2018 (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Bonds Pay. Interest Pay. + Common Stock 5 (a) Aug. 1, 2017 (b) Dec 31, 2017 (c) Aug 1, 2018 Question 6 View Policies Current Attempt in Progress On January 1, Sunland Company issued $355.000.9%, 20-year bonds at face value. Interest is payable annually on January 1. Prepare a tabular summary to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31. (c) The payment of interest on January 1. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash - Bonds Pay. Interest Pay + Common Stock (a) Jan. 1 5 (b) Dec 31 (c) Jan. 1 Question 7 --/1 View Policies Current Attempt in Progress Bridgeport Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $53. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,800 shares for cash at $54 per share. July 1 Issued 31,200 shares for cash at $59 per share. la) Prepare a tabular summary to record the transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Paid-in-Capital PIC in Excess of Par Value Com. Cash Common Stock Feb. 1 $ July 1 Question 9 View Policies Current Attempt in Progress The following financial information is available for Flounder Corporation (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2017 $2,500 240 SO 400 2016 $3,000 625 SO 500 Calculate the payout ratio and return on common stockholders'equity for 2017 and 2016. (Round answers to 1 decimal place, es 12.5%) 2017 2016 Payout ratio Return on common stockholders' equity eTextbook and Media Question 10 View Policies Current Attempt in Progress Suppose the following financial information is wailable for Walgreen Company (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2017 $9,200.0 460.0 0 1,840.0 2016 $8,600.0 387.0 0 2.150.0 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, 08.12.5%) 2017 2016 Payoutratio Return on common stockholders' equity e Textbook and Media