DaimlerChrysler. headquartered in Stuttgart, Germany, manufactures several automotive brands in- E2-12 L05 Daimlereluding Mercedes-Benz, Chrysler. Jeep, and

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DaimlerChrysler. headquartered in Stuttgart, Germany, manufactures several automotive brands in-

E2-12 L05 Daimlereluding Mercedes-Benz, Chrysler. Jeep, and Dodge and has alliances with Mitsubishi Motors and Cnrvsi er *r Hyundai. Financial information is reported in the Euro (€) monetary unit. The following transactions were adapted from the annual report; amounts are in millions of Euros.

a. Declared €2,358 in dividends to be paid next month.

b. Ordered €22.100 in equipment.

c. Paid €2,379 in dividends previously declared.

d. Issued additional stock for €1 12 in cash.

e. Sold equipment at its cost of €809 for cash.

/. Received the equipment ordered in Event (b), paying €19,1 17 in cash and signing a note for the balance.

g. Purchased short-term investments for €4,883 cash.

Required:

Prepare journal entries for each transaction. (Remember that debits go on top and credits go on the bottom, indented.) Be sure to use good referencing and categorize each account as an asset (A), liability

(L), or stockholders' equity (SE). If a transaction does not require a journal entry, explain the reason.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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