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Use the Following Information to Answer the Questions Below Dec 1 Our Business Authorized 500,000 Shares of $1 par value stock. Dec 1 Our Business

Use the Following Information to Answer the Questions Below

  1. Dec 1 Our Business Authorized 500,000 Shares of $1 par value stock.
  2. Dec 1 Our Business Issued 100,000 shares of common stock for $5.00 Each.
  3. Dec 1 Our Business Issued 300 Bonds for $1,000 each. Face Value of $1,000, Due in Twenty Years. Face Interest Rate of 4.40% Payable Annually on Nov 30-th of Each Year
  4. Dec 10 Our Business made Service Sales to Customers of $140,000 on account.
  5. Dec 20 Our Business Bought Back 20,000 Shares of Common stock for $3.00 each
  6. Dec 21 Our Business Paid December Operating Expenses of $33,000 with checks.
  7. Dec 31 Our Business Paid Dividends of $0.90 Cents to EACH Shareholder as of this DATE.
  8. Dec 31 Our Business Recorded One Month of Interest Payable on the Bond

  1. Compute the Net Income for the Month =
  2. Compute the End Total Cash Balance =
  3. Compute the Additional Paid in Capital Dollar Balance =
  4. Compute the Number of Common Stock Shares Issued for the Month=
  5. Compute the Number of Common Stock Shares Outstanding for the Month =
  6. Compute the Ending Retained Earnings for the Month=
  7. Compute the Ending Total Assets Balance =
  8. Compute the Ending Total Liabilities Balance =
  9. Compute the Ending Total Owners Equity Balance =
  10. What is the Market Rate of Interest on the Date the Bonds were Issued? = Enter your Answer as a Percent out to the 2nd Decimal like this 10.00% =

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