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SondraStark_ACC116_UNIT_6_Homework_Templates

# SondraStark_ACC116_UNIT_6_Homework_Templates - See...

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Unit 6, Chapter 13 Practice Exercises Name Sondra Stark Instructions for template use: The following template is provided to you to assist you with the homework assignments. The areas shaded in green are the areas of the template in which you should place your answers. Please contact your instructor if you have any questions on the use of the template. PE 13-2A See instructions for the problem on page 592 of the textbook. Date Account Name Debit Credit 8/3 Cash 5760000 Common Stock 4500000 Paid-In Capital Excess of Par 1260000 9/22 Cash 150000 Preferred Stock 150000 11/4 Cash 240000 Preferred Stock 225000 Paid-In Capital Excess of Par 15000

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Unit 6, Chapter 13 Practice Exercises Name Sondra Stark Instructions for template use: The following template is provided to you to assist you with the homework assignments. The areas shaded in green are the areas of the template in which you should place your answers. Please contact your instructor if you have any questions on the use of the template. PE 13-3A

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Unformatted text preview: See instructions for the problem on page 592 of the textbook. Date Account Name Debit Credit 7/16 Cash Dividends 48000 Cash Dividends-Payable 48000 8/15 No entry required. 9/30 Cash Dividends-Payable 48000 Cash 48000 Problem 13-1A - See page 599 of the textbook. Name: Sondra Stark Section: 13AU Enter the appropriate amounts in the dark green 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 2003 \$21,000 \$21,000 \$2.10 \$0 \$0.00 2004 50,000 30,000 3.00 20,000 0.20 2005 15,000 15,000 1.50 0 0.00 2006 80,000 30,000 3.00 50,000 0.50 2007 90,000 30,000 3.00 60,000 0.60 2008 140,000 30,000 3.00 110,000 1.10 \$15.60 \$2.40 2. Average annual dividend for preferred: \$2.60 Average annual dividend for common: \$0.40 3. a. Return on initial investment, preferred: 3.25% b. Return on initial investment, common: 4.00%...
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SondraStark_ACC116_UNIT_6_Homework_Templates - See...

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