Corporate Financial Accounting Chapter 11

Corporate Financial Accounting Chapter 11 - Ex 9 July 2...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Corporate Financial Accounting Date: May 6, 2009 EX 1, 3, 5, 9, 11, 21, 22 PR 11-3A, 11-4A (Step#2 J/Es Only) EX 1 Year 1 Year 2 Year 3 Year 4 Amount Distributed 40,000 98,000 120,000 195,000 Preferred dividend (50,00 shares) 25,000 50,000 50,000 50,000 Common dividend (100,000 shares) 15,000 48,000 70,000 145,000 Dividend per share : Preferred Stock .50 1.00 1.00 1.00 Common Stock .15 .48 .70 1.45 Ex 3 A. Feb 4 Cash 1920000 Common Stock 1920000 (30,000*64) Mar 31 Cash 1620000 Preferred Stock 1620000 (18,000*90) B. 1920000+1620000=3540000 Ex 5 Nov 10 Land 480000 Common Stock 120000 Paid in Capital on excess of par 360000 Issued $8 par common stock, valued At $32 per share, for land
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Ex 9 July 2 Cash Dividends 275,000 Cash Dividends Payable 275,000 Aug 1 No Entry required. Sep 1 Cash Dividends Payable 275,000 Cash 275,000 Ex 11 May 2 Treasury Stock (3,000*72) 216,000 Cash 216,000 Aug. 14 Cash (2,500*76) 190,000 Treasury stock (2,500*72) 180,000 Paid in Capital from Sale of Treasury Stock (2,500*(76-72)) 10,000 Nov. 7 Cash (500*70} 35,000 Paid in capital from sale of Treasury Stock (500*(72-70)) 1,000 Treasury stock (500*72) 36,000 EX 11 2,000*(76-72)= 8,000 EX 21 + Liability +Assets-Stockholders Equity +Stockholders Equity-Assets EX 22...
View Full Document

This note was uploaded on 02/20/2010 for the course CARD CARD405 taught by Professor Smith during the Spring '10 term at DeVry Addison.

Page1 / 2

Corporate Financial Accounting Chapter 11 - Ex 9 July 2...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online