wiley.com/was assessment playet/index.htmlaunchid de Bc2b-4da2552230/questo llege Bow Valley College... Calendar - Sidhant. C Get Homework Hel Spintot.com - Artic Minbow Course Home -- Chapters 11 & 12 Question 1 of 9 2.1475 E View Policies Show Attempt History Current Attempt in Progress On March 8, Southwood Property Inc., a publicly traded company, issued 5,500 preferred shares for cash of $29 per shareOn April 20, when the shares were trading at $36, the company issued an additional 3,000 preferred shares in exchange for land with a fair value of $114,000 (a) Your Answer Correct Answer Your answer is partially correct. Prepare the journal entries for each transaction. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts.) o ch Question 1 of 9 2.14/5 (b) Prepare the journal entry if you were unable to determine the land's fair value on April 20. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit April 20 e Textbook and Media List of Accounts ch o C Chapters 11 & 12 MInbox - Kaushaladh Counse Home Question 2 of 9 - / 10 365-day high low stock sym div high low close chg vol 59.03 yld 42.29 p/e ratio Metro MRU 0.80 56.00 55.53 55.90 0.44 410,544 1.43 20,8 (a) What is the highest price Metro's shares traded at during the past year? The lowest? If you had bought 100 common shares of this company at its lowest price during the past year and then sold them at the highest price during the year, what would your gain or loss be from such a trade? (Round answers to 2 decimal places, eg. 15.25.) Highest price $ Lowest price $ Income . arch O et somework Hel... Spinbot.com - Arte. Minbow kaushald et 9 - Chapters 11 & 12 Course Home Question 3 of 9 View Policies - / 10 Current Attempt in Progress On January 1, 2021. Lawn Corporation had 88,000 common shares, recorded at $648,000, and retained earnings of $1,035,000. During the year, the following transactions occurred: Apr. 2 Issued 4,600 common shares at $20 per share. June 15 Aug. 21 Declared a cash dividend of $0.25 per Share to common shareholders of record on June 30, payable on July 10. Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21. $24 on September 5, and $27 on September 20. Nov. 1 Issued 3.200 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10 (a) o i o search 3 Spinbot.com - Artic M Inbox - Kaushaidh Chapters 11 & 12 Course Home Question 3 of 9 - / 10 Un January 1, Zuzi, Lawn Corporation na B, common shares, recorded at $40,000, and retained earnings or 1,03,00 During the year, the following transactions occurred: Apr. 2 Issued 4,600 common shares at $20 per share. June 15 Aug. 21 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10. Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21. $24 on September 5, and $27 on September 20. Nov. 1 Issued 3,200 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10 (a) Record the above transactions for 2021. (Note: Closing entries are not required.) (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) o rch vet homework Hel... Spinbot.com - Artic. M Inbox - Kaushalsidh. Course Home - Chapters 11 & 12 Question 4 of 9 - / 10 The following accounts appear in the ledger of Laramie Inc after the books are closed at December 31, 2021 Accumulated other comprehensive income $38,800 Common shares (unlimited number of shares authorized, 200,000 shares issued) 600,000 Stock dividends distributable 72,000 Contributed surplus 48,800 200,000 Preferred shares ($1.4 noncumulative, 80,000 shares authorized, 8,000 shares issued) Retained earnings (of which $182,000 is restricted for a plant expansion) 1,072.000 Prepare the shareholders' equity section of Laramie's statement of financial position, including anyrequired note disclosure. (En account name only and do not provide descriptive information. Enter negative amounts using either a negative sign preceding the number -45 or parentheses eg. (45).) LARAMIE INC. Statement of Financial Position (Partial) arch O Question 4 of 9 -/10 Retained earnings (of which $182,000 is restricted for a plant expansion) 1,072,000 Prepare the shareholders' equity section of Laramie's statement of financial position, including anyrequired note disclosure. (Enter account name only and do not provide descriptive Information. Enter negative amounts using elther a negative sign preceding the number eg -45 or parentheses eg. (45).) LARAMIE INC. Statement of Financial Position (Partial) 3 O . Tapters 11 & 12 Loure Home Question 5 of 9 -15 The following data is provided for Sage Corporation for the years 2022 and 2023, total shareholders' equity at the end of 2021 is $265,400. Sage Corporation 2022 2023 Net income $148.900 $154.800 Shareholders' equity $289,600 $342.050 Weighted average number of common shares 55,400 57,500 Dividends declared per common share $0.40 $0.45 Market price per common share $9.60 $9.98 Weighted average number of preferred shares 18,500 19.980 $0.75 $0.75 Dividends declared per preferred share Industry ratios: 28.0% Payout ratio h o wiley.com/was assessment playet/index.htmlaunchid de Bc2b-4da2552230/questo llege Bow Valley College... Calendar - Sidhant. C Get Homework Hel Spintot.com - Artic Minbow Course Home -- Chapters 11 & 12 Question 1 of 9 2.1475 E View Policies Show Attempt History Current Attempt in Progress On March 8, Southwood Property Inc., a publicly traded company, issued 5,500 preferred shares for cash of $29 per shareOn April 20, when the shares were trading at $36, the company issued an additional 3,000 preferred shares in exchange for land with a fair value of $114,000 (a) Your Answer Correct Answer Your answer is partially correct. Prepare the journal entries for each transaction. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts.) o ch Question 1 of 9 2.14/5 (b) Prepare the journal entry if you were unable to determine the land's fair value on April 20. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit April 20 e Textbook and Media List of Accounts ch o C Chapters 11 & 12 MInbox - Kaushaladh Counse Home Question 2 of 9 - / 10 365-day high low stock sym div high low close chg vol 59.03 yld 42.29 p/e ratio Metro MRU 0.80 56.00 55.53 55.90 0.44 410,544 1.43 20,8 (a) What is the highest price Metro's shares traded at during the past year? The lowest? If you had bought 100 common shares of this company at its lowest price during the past year and then sold them at the highest price during the year, what would your gain or loss be from such a trade? (Round answers to 2 decimal places, eg. 15.25.) Highest price $ Lowest price $ Income . arch O et somework Hel... Spinbot.com - Arte. Minbow kaushald et 9 - Chapters 11 & 12 Course Home Question 3 of 9 View Policies - / 10 Current Attempt in Progress On January 1, 2021. Lawn Corporation had 88,000 common shares, recorded at $648,000, and retained earnings of $1,035,000. During the year, the following transactions occurred: Apr. 2 Issued 4,600 common shares at $20 per share. June 15 Aug. 21 Declared a cash dividend of $0.25 per Share to common shareholders of record on June 30, payable on July 10. Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21. $24 on September 5, and $27 on September 20. Nov. 1 Issued 3.200 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10 (a) o i o search 3 Spinbot.com - Artic M Inbox - Kaushaidh Chapters 11 & 12 Course Home Question 3 of 9 - / 10 Un January 1, Zuzi, Lawn Corporation na B, common shares, recorded at $40,000, and retained earnings or 1,03,00 During the year, the following transactions occurred: Apr. 2 Issued 4,600 common shares at $20 per share. June 15 Aug. 21 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10. Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21. $24 on September 5, and $27 on September 20. Nov. 1 Issued 3,200 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10 (a) Record the above transactions for 2021. (Note: Closing entries are not required.) (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) o rch vet homework Hel... Spinbot.com - Artic. M Inbox - Kaushalsidh. Course Home - Chapters 11 & 12 Question 4 of 9 - / 10 The following accounts appear in the ledger of Laramie Inc after the books are closed at December 31, 2021 Accumulated other comprehensive income $38,800 Common shares (unlimited number of shares authorized, 200,000 shares issued) 600,000 Stock dividends distributable 72,000 Contributed surplus 48,800 200,000 Preferred shares ($1.4 noncumulative, 80,000 shares authorized, 8,000 shares issued) Retained earnings (of which $182,000 is restricted for a plant expansion) 1,072.000 Prepare the shareholders' equity section of Laramie's statement of financial position, including anyrequired note disclosure. (En account name only and do not provide descriptive information. Enter negative amounts using either a negative sign preceding the number -45 or parentheses eg. (45).) LARAMIE INC. Statement of Financial Position (Partial) arch O Question 4 of 9 -/10 Retained earnings (of which $182,000 is restricted for a plant expansion) 1,072,000 Prepare the shareholders' equity section of Laramie's statement of financial position, including anyrequired note disclosure. (Enter account name only and do not provide descriptive Information. Enter negative amounts using elther a negative sign preceding the number eg -45 or parentheses eg. (45).) LARAMIE INC. Statement of Financial Position (Partial) 3 O . Tapters 11 & 12 Loure Home Question 5 of 9 -15 The following data is provided for Sage Corporation for the years 2022 and 2023, total shareholders' equity at the end of 2021 is $265,400. Sage Corporation 2022 2023 Net income $148.900 $154.800 Shareholders' equity $289,600 $342.050 Weighted average number of common shares 55,400 57,500 Dividends declared per common share $0.40 $0.45 Market price per common share $9.60 $9.98 Weighted average number of preferred shares 18,500 19.980 $0.75 $0.75 Dividends declared per preferred share Industry ratios: 28.0% Payout ratio h o