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Tony and Suzie have purchased land for a new camp Now they need money to build the cabins, dining facility, a ropes course, and an

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Tony and Suzie have purchased land for a new camp Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1 2021. Tony and Suzie each purchased 10,000 shares (20,000 shares total) of St par value common stock at si per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 116,000 shares of common stock for $10 per share. November 16 Purchase 11,600 shares of its own common stock (1.6., treasury stock for 323 per share. November 24 Resell 5,600 shares of treasury stock at $24 per share. December 1 Declare a cash dividend on its common stock of $23,000 (50.10 per share) to all stockholders of record on December 15. December20 Pay the cash dividend declared on December 1. December 31 Pay $840,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account 3 Answer is not complete Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions (If no entry is required for particular walowevent select No Journal Required in the list account feld) NO Date Credit Debit 1.160,000 1 Nov 05 General Journal Cash Common Stock Additionat Paid-in Capital 06 136000 1,044.000 2 Nov 16 266 800 Treasury Stock Cash OO 266 800 3 Nov 24 Cash 134,400 3 Nov 24 134,400 Cash Treasury Stock Additional Paid-in Capital Bolo 128,800 5,600 4 Dec 01 Dividends Dividends Payable 13,000 > 13,000 5 Dec 20 Dividends Payable Cash 13,000 13,000 6 Dec 30 Buildings Cash 840,000 > 840,000 7 Dec 31 Service Revenue Interest Revenue l 8 Dec 31 OOOOOO Retained Earnings Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Exponse Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Warranty Expense Loss OOOO 9 Dec 31 13,000 Retained Earnings Dividends 00 13.000

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