JenniferJohnson296_AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 6

JenniferJohnson296_AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 6

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 13-1A Name: Jennifer Johnson Section: AC116 Enter the appropriate amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount. 1. Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share 2005 $5,000 $5,000 $0.50 $0 $0.00 2006 18,000 18,000 1.80 0 0.00 2007 45,000 37,000 3.70 8,000 0.32 2008 45,000 20,000 2.00 25,000 1.00 2009 60,000 20,000 2.00 40,000 1.60 2010 67,000 20,000 2.00 47,000 1.88 $12.00 $4.80 2. Average annual dividend for preferred: $2.00 Average annual dividend for common: $0.80 3. a. Return on initial investment, preferred:
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
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1.60% b. Return on initial investment, common: 10.00% Problem 13-2A Name: Jennifer Johnson Section: ac116 Enter the appropriate amount or account in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. JOURNAL Date Description Debit Credit Jan. 10 Cash 2,000,000 Mortgage Note Payable 2,000,000 21 Cash 1,267,500 Preferred Stock 1,200,000 Paid-in Capital in Excess of Par - Preferred Stock 67,500 Dec. 30 Building 1,850,000 Land 162,500 Common Stock 1,750,000 Paid-in Capital in Excess of Par - Common Stock 262,500...
View Full Document

Page1 / 3

JenniferJohnson296_AC116 TEXTBOOK EXERCISES TEMPLATE - UNIT 6

This preview shows document pages 1 - 3. Sign up to view the full document.

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