JenniferJohnson296_AC116 TEXTBOOK EXERCISES UNIT 7

JenniferJohnson296_AC116 TEXTBOOK EXERCISES UNIT 7 - A red...

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Problem 13-3A Name: Jennifer Johnson Section: ac116 Enter the appropriate amounts and accounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Description Debit Credit a. Treasury Stock 540,000 Cash 540,000 b. Cash 462,000 Treasury Stock 378,000 Paid-in Capital from Sale of Treasury Stock 84,000 c. Cash 285,000 Preferred Stock 187,500 Paid-in Capital in Excess of Par Value - Preferred Stock 97,500 d. Cash 1,800,000 Common Stock 600,000 Paid-in Capital in Excess of Par Value - Common Stock 1,200,000 e. Cash 110,500 Paid-in Capital from Sale of Treasury Stock 6,500 Treasury Stock 117,000 f. Cash Dividends 387,050 Cash Dividends Payable 387,050 g. Cash Dividends Payable 387,050 Cash 387,050
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Problem 13-5A Name: Jennifer Johnson Section: ac116 Enter the appropriate amounts and accounts in the shaded cells below.
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Unformatted text preview: A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Date Description Debit Jan. 10 No Entry Required Mar. 1 Cash Dividends 216,000 Cash Dividends Payable Apr. 30 Cash Dividends Payable 216,000 Cash July 9 Treasury Stock 1,950,000 Cash Aug. 29 Cash 1,280,000 Treasury Stock Paid-in Capital from Sale of Treasury Stock Sept. 1 Cash Dividends 165,750 Cash Dividends Payable 1 Stock Dividends 139,500 Stock Dividends Distributable Paid-in Capital in Excess of Par Value - Common Stock Oct. 31 Cash Dividends Payable 165,750 Cash 31 Stock Dividends Distributable 116,250 Common Stock Credit 216,000 216,000 1,950,000 1,040,000 240,000 165,750 116,250 23,250 165,750 116,250...
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This note was uploaded on 04/19/2011 for the course AC 116 taught by Professor Hill during the Spring '08 term at Kaplan University.

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JenniferJohnson296_AC116 TEXTBOOK EXERCISES UNIT 7 - A red...

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